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Resort Hotels Corporation, Rodolfo M. Cuenca Insvestment Corporation Vs. Development Bank of the Philippines and SM Investment Corp.

RESORT HOTELS CORPORATION, RODOLFO M. CUENCA and CUENCA INVESTMENT CORPORATION, Petitioners, versus DEVELOPMENT BANK OF THE PHILIPPINES and SM INVESTMENT CORPORATION, Respondents

G.R. No. 180439 | 2009-12-23

DECISION


NACHURA, J.:

Before us is a petition for review on certiorari under Rule 45 of the Rules of Court, assailing the Court of Appeals (CA) Decision[1] in CA-G.R. CV No. 81363, which reversed and set aside the Decision of the Regional Trial Court (RTC), Branch 134, Makati City, in Civil Case Nos. 6342, 269-R, TG-799 and 9497.[2]

The long and arduous facts, as found by the CA, follow:

[Petitioner] Resort Hotel[s] Corporation (RHC for brevity), a corporation duly organized and existing in accordance with Philippine laws, was the previous owner and operator of several hotels located outside Metro Manila; namely Baguio Pines Hotel in...