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Phil. Tobacco Flue Curing and Redrying Corporation vs. Pablo

PHILIPPINE TOBACCO FLUE CURING AND REDRYING CORPORATION, petitioner-appellee, vs. RIZALINO PABLO, Director of the Bureau of Commerce, respondent-apellant.

G.R. No. L-20085 | 1975-08-07

D E C I S I O N

CONCEPCION JR., J:

Appeal from a decision of the Court of First Instance of Manila, certified to this Court by the Court of Appeals, pursuant to paragraph 3 (5) of Section 17 of the Judiciary Act, as amended by Section 2 (5) of Republic Act No. 2313, the amount involved being P24,905,579.63.

The record discloses that by Memorandum Agreement dated February 2, 1959, 1 the Philippine Tobacco Flue Curing and Redrying Corporation, hereinafter referred to as the PTFCRC, a domestic corporation engaged in flue curing and redrying of tobacco leaves, and the Agricultural Credit and Cooperative Financing Administration, ACCFA for...