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WESTMONT BANK, petitioner, vs. SHUGO NODA & CO. LTD., SHUYA NODA, HABALUYAS ENTERPRISES, INC., ESTATE OF PEDRO J. HABALUYAS, and COURT OF APPEALS, respondents.

WESTMONT BANK, petitioner, vs. SHUGO NODA & CO. LTD., SHUYA NODA, HABALUYAS ENTERPRISES, INC., ESTATE OF PEDRO J. HABALUYAS, and COURT OF APPEALS, respondents.

G.R. No. 129866 | 1999-05-19

D E C I S I O N

GONZAGA-REYES, J.:

This petition for review seeks to reverse and set aside the resolutions dated May 16, 1998 and July 8, 1997 of the Court of Appeals[1] in CA-GR CV No. 50516 approving the compromise agreement amongst the above-named private respondents and denying the motion to reconsider the same.

On February 12, 1976, a civil complaint was instituted by Shugo Noda and Co. Ltd. and Shuya Noda against Habaluyas Enterprises, Inc. and its Chairman-President, Atty. Pedro J. Habaluyas (now deceased and represented by Sally B. Habaluyas, administratrix of his estate). The third defendant in the complaint was the Associated...