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Seven Brothers Shipping Corp vs Oriental Assurance Corp

SEVEN BROTHERS SHIPPING CORPORATION, petitioner, vs. ORIENTAL ASSURANCE CORPORATION, respondent.

G.R. No. 140613 | 2002-10-14

D E C I S I O N

SANDOVAL-GUTIERREZ, J.:

In this petition for review on certiorari,[1] Seven Brothers Shipping Corporation (Seven Brothers) assails the Decision[2] of the Court of Appeals dated July 19, 1999 in CA-G.R. SP No. 50262,[3] the dispositive portion of which reads:

"WHEREFORE, the questioned orders of the public respondent (RTC-Manila) are hereby REVERSED and SET ASIDE for having been issued with grave abuse of discretion and absence of jurisdiction. Since petitioner (Oriental Assurance) is entitled to the immediate execution of this Court's final and executory decision, the lifted levy and quashed execution of the Regional...