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G.R. No. 146796. September 29, 2002

CHIQUITA INTERNATIONAL LTD. vs. COURT OF APPEALS, HON. JESUS L. GRAGEDA, PRESIDING JUDGE, RTC, PANABO, strong>DAVAO , BRANCH 4 AND TAGUM CULTURAL DEVT., CORP.

SECOND DIVISION

Gentlemen:

Quoted hereunder, for your information, is a resolution of this Court dated 25, SEP 2002:

G.R. No. 146796. (Chiquita International Ltd. vs. Court of Appeals, Hon. Jesus L. Grageda, Presiding Judge, RTC, Panabo, Davao, Branch 4 and Tagum Cultural Development Corporation)

RESOLUTION

The Compliance dated July 31,2002 of petitioner Chiquita International Ltd. with the Resolution of May 27, 2002 , which required submission of a properly authenticated authorization from its Board of Directors allowing its counsel, Romulo Mabanta Buenaventura Sayoc and De Los Angeles, to receive the amount of the cash bond and the excess thereof, is NOTED .

Before acting on the Motion to Cancel Cash Bond and Authorize the Withdrawal Thereof and of the Excess Fund by Petitioner's Counsel, the Court further resolves to require petitioner to submit certified true copy of the Order dated October 16, 2001 of the Regional Trial Court of Panabo, Davao granting the Joint Motion to Approve "Compromise Agreement and General Release' of the parties within five (5) days from notice.

Very truly yours,

(Sgd) TOMASITA M. DRIS

Clerk of Court

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