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Ludo and Luym Corporation vs Court of Appeals, Gabisan Shipping Lines

LUDO AND LUYM CORPORATION, petitioner, vs. COURT OF APPEALS, GABISAN SHIPPING LINES, INC. and/or ANSELMO OLASIMAN respondents.

G.R. No. 125483 | 2001-02-01

D E C I S I O N

QUISUMBING, J.:

This petition for review[1] under Rule 45 of the Revised Rules of Court seeks to annul and set aside the decision[2] dated January 10, 1996 of the Court of Appeals which reversed and set aside the decision of the Regional Trial Court of Cebu City, Branch IX, and the resolution[3] dated June 11, 1996, denying petitioner's motion for reconsideration.

Petitioner Ludo & Luym Corporation is a domestic corporation engaged in copra processing with plant and business offices in Cebu City. Private Respondent Gabisan Shipping Lines was the registered owner and operator of the motor vessel MV Miguela, while the...