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Kaizen Builders vs. CA

KAIZEN BUILDERS, INC. (FORMERLY KNOWN AS MEGALOPOLIS PROPERTIES, INC.) AND CECILLE F. APOSTOL, PETITIONERS, VS. COURT OF APPEALS AND THE HEIRS OF OFELIA URSAIS, RESPONDENTS. [G.R. No. 247647] KAIZEN BUILDERS, INC. (FORMERLY MEGALOPOLIS PROPERTIES, INC.) AND CECILLE APOSTOL, PETITIONERS, VS. HEIRS OF OFELIA URSAIS, NAMELY, ROGELIO A. TOMAS, ROSLYN T. BOSING, VANESSA T. PEDEGLORIO, GUNTER U. TOMAS AND JORDAN U. GAMALINDA, RESPONDENTS.

G.R. No. 226894/G.R. No. 247647 | 2020-09-03

D E C I S I O N
 
LOPEZ, J.:
 
The nature and effects of a suspension order are the core principles applied in this consolidated petitions assailing the Court of Appeals' (CA) Resolution[1] dated December 8, 2015 and Decision[2] dated October 1, 2018 in CA-G.R. CV No. 102330.
 
ANTECEDENTS

In 2004, Ofelia Ursais (Ofelia) purchased from Kaizen Builders, Inc. (Kaizen builders) (formerly Megalopolis Properties, Inc.) a house and lot situated in White Pine Street, Camp 7, Baguio City.[3] In 2007, the parties executed a contract to sell where Kaizen Builders bought back from Ofelia the property for P2,700,000.00 and...