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Compania General De Tabacos De Filipinas vs. Court of Appeals, et al.

COMPANIA GENERAL DE TABACOS DE FILIPINAS, petitioner, vs. COURT OF APPEALS, PHILIPPINE NATIONAL BANK and DEVELOPMENT BANK OF THE PHILIPPINES, respondents.

G.R. No. 59534 | 1990-05-10

D E C I S I O N

NARVASA, J.:

The conflicting claims of the mortgagees of a sugar quota or production allowance, on the one hand, and the mortgagors' subsequent vendees of the same, on the other, are the subject of the petition for review on certiorari at bar.

It appears that an unregistered partnership known as Gomez & Torres composed of Francisco M. Gomez and Hector Torres was the "principal and majority stockholder of the Philippine Milling Company, a domestic corporation which owns and operates in the Mindoro Mill District a sugar mill where all the sugar cane planters of that mill district mill their sugar cane. 1 "Gomez...