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Asset Pool A (SPV-AMC), Inc. vs. Clark Development Corporation

ASSET POOL A (SPV-AMC), INC., PETITIONER, VS. CLARK DEVELOPMENT CORPORATION, RESPONDENT. JUDGMENT [BASED ON COMPROMISE AGREEMENT]

G.R. No. 205915 | 2015-11-10

BERSAMIN, J.:
 
The petitioner was the transferee and successor-in-interest of United Coconut Planters Bank (UCPB) and Metropolitan Bank and Trust Company (Metrobank) who were the secured creditors of Mondragon Leisure and Resorts Corporation (MLRC) for its working capital requirements in the development and operation of the Tourism Estate Phase I that eventually became known as the Mimosa Leisure Estate (MLE).

This case was the appeal of the petitioner of the adverse decision promulgated on September 4, 2012 in CA-G.R. SP No. 104129,[1] whereby the Court of Appeals (CA) dismissed its petition for certiorari assailing the...