Civil
Commercial
Ponente: REGALADO, J.
Decision Date: 1989-02-10
GR Number: G.R. No. 76018
Digest Team
3 months ago
Avg. Rating:
Summary:
This case involves a dispute between Philippine National Bank (PNB) and Industrial Enterprises, Inc. (IEI) over a coal operating contract. IEI was granted the contract by the Bureau of Energy Development (BED) for the exploration of two coal blocks in Eastern Samar. IEI later assigned the contract to Marinduque Mining and Industrial Corporation (MMIC). PNB foreclosed on MMIC's properties, including the mining equipment, and IEI filed a lawsuit seeking rescission of the agreement and damages. The trial court ruled in favor of IEI and granted a summary judgment, ordering the return of the coal blocks and equipment to IEI, as well as the payment of damages. The trial court also allowed execution pending appeal, which PNB sought to annul in this special civil action for certiorari.
Doctrine:
The court explains that execution pending appeal is a discretionary power of the court, which requires good reasons to be stated in a special order. The existence of good reasons is crucial to the exercise of this power, as execution should only be granted when these reasons clearly outweigh the possibility of the judgment being reversed on appeal. Insolvency of the judgment debtor or imminent danger thereof is considered a good reason for discretionary execution. However, in this case, where there are multiple defendants and only one is insolvent, execution pending appeal is not justified. The court also emphasizes the need for specific factual bases to support claims of public interest as a reason for immediate execution.
Facts:
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Issues Ratio:
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Dispositive:
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Other Notes:
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