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Capitol Steel Corporation vs. Phividec Industrial Authority.

CAPITOL STEEL CORPORATION, Petitioner, versus PHIVIDEC INDUSTRIAL AUTHORITY, Respondent.

G.R. No. 169453 | 2006-12-06

THIRD DIVISION
 
D E C I S I O N 
 
CARPIO MORALES, J.: 
 
Capitol Steel Corporation (Capitol Steel) challenges the Court of Appeals Decision[1] of February 7, 2005 in CA-G.R. SP No. 84067 as well as its Resolution[2] dated August 24, 2005 ordering the Presiding Judge of Branch 20, Regional Trial Court (RTC) of Misamis Oriental to issue a writ of possession in favor of Phividec Industrial Authority (PHIVIDEC). 
 
Petitioner, Capitol Steel, is a domestic corporation which owns 65 parcels of land[3] with a total land area of 337,733 square meters (the properties) located in the barrios of Sugbongcogon and...