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Poliand Industrial Limited vs. National Development Company, et al.

POLIAND INDUSTRIAL LIMITED, Petitioner, versus NATIONAL DEVELOPMENT COMPANY, DEVELOPMENT BANK OF THE PHILIPPINES, and THE HONORABLE COURT OF APPEALS (Fourteenth Division) Respondents.

G.R. No. 143866 | 2005-08-22

SECOND DIVISION

D E C I S I O N

Tinga, J.:

Before this Court are two Rule 45 consolidated petitions for review seeking the review of the Decision[1] of the Court of Appeals (Fourth Division) in CA-G.R. CV No. 53257, which modified the Decision of the Regional Trial Court, Branch 61, Makati City in Civil Case No. 91-2798. Upon motion of the Development Bank of the Philippines (DBP), the two petitions were consolidated since both assail the same Decision of the Court of Appeals.

In G.R. No. 143866, petitioner Poliand Industrial Limited (POLIAND) seeks judgment declaring the National Development Company (NDC) and the DBP solidarily liable in...