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Food Terminal, Inc., et al. vs. Shoppers Paradise Fti Corporation.

FOOD TERMINAL, INC., BENITO SALAZAR, SAMUEL NAMANAMA and BRENDA RIVERA, Petitioners, versus SHOPPERS PARADISE FTI CORPORATION,* Respondent.

G.R. No. 153925 | 2006-08-10

SECOND DIVISION

D E C I S I O N 

CORONA, J.: 

The subject of this appeal by certiorari under Rule 45 of the Rules of Court is the decision[1] of the Court of Appeals (CA) dismissing the petition for certiorari filed by petitioners herein. 

Petitioner Food Terminal, Inc. (FTI) is the owner of a 10-hectare land known as the Agro-Industrial Commercial Estate in Taguig, Metro Manila. Petitioners Benito C. Salazar, Brenda Rivera and Samuel Namanama are the former President, Vice-President for Finance and Senior Manager of the Legal Department, respectively, of FTI. 

On February 10, 1995, FTI entered into a 25-year lease...