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Bank of the Philippines Island Vs. Shemberg Biotech Corporation and Benson Dakay

BANK OF THE PHILIPPINE ISLANDS, Petitioner, versus SHEMBERG BIOTECH CORPORATION and BENSON DAKAY, Respondents.

G.R. No. 162291 | 2010-08-11

DECISION


VILLARAMA, JR., J.:

Before the Court is a petition for review on certiorari under Rule 45 of the 1997 Rules of Civil Procedure, as amended, of the Decision[1] dated September 24, 2003 and Resolution[2] dated February 3, 2004 of the Court of Appeals (CA) in CA-G.R. SP No. 69461. The CA had dismissed the petition assailing the October 12, 2001 and December 26, 2001 Orders[3] of the Regional Trial Court (RTC) of Cebu City, Branch 11, in Civil Case No. CEB-26481-SRC.

The proceedings antecedent to this case are as follows:

Respondent Shemberg Biotech Corporation (SBC), a domestic corporation which manufactures carrageenan from...