ChanRobles Virtual law Library

chanrobles.com - PHILIPPINE SUPREME COURT RESOLUTIONS - ON-LINE

cralaw_scresolutions_separator.NHAD

[G.R. No. 137884. August 27, 2003]

INSULAR LIFE ASSURANCE CO vs. TOYOTA BEL-AIR, INC.

FIRST DIVISION

Gentlemen:

Quoted hereunder, for your information, is a resolution of this Court dated AUG 27 2003.

G.R. No. 137884 (The Insular Life Assurance Co., Ltd. vs. Toyota Bel-Air, Inc.)

In the Resolution of 8 August 2001, the Court remanded this case to the Regional Trial Court of Makati, Branch 148, to determine whether respondent has complied with the conditions contained in the 7 May 1999 Compromise Agreement of the parties and for the trial court to thereafter elevate to this Court the records of the case together with its findings. It appears that in the meantime, on 31 August 2001, Entry of Judgment was made on the case based on the Resolution of 8 August 2001. Considering the Compliance dated 24 March 2003, submitted by the trial court as required in the Resolution of 8 August 2001, stating that respondent failed to comply with the conditions of the 7 May 1999 Compromise Agreement, and considering further that the parties have filed their respective memoranda, the Court RESOLVED to: (1) SET ASIDE the Entry of Judgment of 31 August 2001 and (2) REQUIRE the parties to SUBMIT supplemental memoranda taking into account the Compliance dated 24 March 2003 of the trial court, within 15 days from notice.

Very truly yours,

(Sgd.)VIRGINIA ANCHETA-SORIANO
Clerk of Court


Back to Home | Back to Main

 

CLICK HERE FOR THE LATEST SUPREME COURT JURISPRUDENCE

PHILIPPINE SUPREME COURT DECISIONS

QUICK SEARCH

cralaw

 







chanrobles.com





ChanRobles Legal Resources:

ChanRobles On-Line Bar Review

ChanRobles Internet Bar Review : www.chanroblesbar.com

ChanRobles MCLE On-line

ChanRobles Lawnet Inc. - ChanRobles MCLE On-line : www.chanroblesmcleonline.com