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Stronghold vs. Pamana Island

STRONGHOLD INSURANCE CO., INC., PETITIONER, VS. PAMANA ISLAND RESORT HOTEL AND MARINA CLUB, INC., RESPONDENT.

G.R. No. 174838 | 2016-06-01

R E S O L U T I O N
 
REYES, J.:
 
This resolves the Petition for Review[1] filed by Stronghold Insurance Company, Inc. (Stronghold) assailing the Decision[2] dated July 20, 2006 and Resolution[3] dated September 26, 2006 of the Court of Appeals (CA) in CA-G.R. SP No. 94313.
 
The Antecedents

The case stems from an action for sum of money filed by Pamana Island Resort Hotel and Marina Club, Inc. (Pamana) and Flowtech Construction Corporation (Flowtech) against Stronghold on the basis of a Contractor's All Risk Bond of P9,047,960.14 obtained by Flowtech in relation to the construction of Pamana's project in Pamana Island,...