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NAPOCOR vs. Province of Isabela etc

NATIONAL POWER CORPORATION, Petitioner, versus PROVINCE OF ISABELA, represented by HON. BENJAMIN G. DY, Provincial Governor, Respondent.

G.R. No. 165827 | 2006-06-16

D E C I S I O N 


CALLEJO, SR., J.: 

This is a petition for review on certiorari of the Decision[1] of the Court of Appeals (CA) dated October 21, 2004 affirming the decision of the Regional Trial Court (RTC) of Ilagan, Isabela, Branch 17, which ordered petitioner National Power Corporation (NPC) to immediately deposit in escrow with the Land Bank of the Philippines the franchise tax due. 

The antecedents are as follows: 

Respondent Province of Isabela filed an action for sum of money against petitioner NPC, a government-owned and controlled corporation engaged in the generation and sale of electric power. 

Respondent...