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Insular Life Assurance Co. Ltd. Vs. Toyota Bel-Air Inc.

THE INSULAR LIFE ASSURANCE COMPANY, LTD., Petitioner, versus TOYOTA BEL-AIR, INC., Respondent.

G.R. No. 137884 | 2008-03-28

D E C I S I O N


AUSTRIA-MARTINEZ, J.:

Before the Court is a Petition for Review on Certiorari under Rule 45 of the Rules of Court, assailing the Decision[1] dated September 30, 1998 of the Regional Trial Court (RTC), Branch 148, Makati City in Civil Case No. 98-2075 which nullified the Writ of Execution dated August 12, 1998 issued by the Metropolitan Trial Court (MeTC), Branch 63, Makati City in Civil

Case No. 59089, and the RTC Order[2] dated March 5, 1999 denying the Motion for Reconsideration.

The principal issue raised in the present petition pertains to the propriety of the decision of the RTC in declaring as void the writ of...