Radiola-Toshiba Philippines, Inc. Vs. The Intermediate Appellate Court
Radiola-Toshiba Philippines, Inc. through its assignee-in-insolvency, Vicente J. Cuna, Petitioner Vs. The Intermediate Appellate Court, Hon. Leonardo I. Cruz, as Judge of the Regional Trial Court of Angeles City, Branch No. LVI. Emilio C. Patino, as assignee-in-insolvency of Carlos and Teresita Gatmaytan, Sheriff of Angeles City, Register of Deeds of Angeles City, Sanyo Maketing Corp., S&T Enterprises Inc., Refrigeration Industries Inc., and Delta Motor Corp., Respondents G.R. No. 75222, July 18, 1991 Facts: On March 4, 1980, Petitioner obtained a levy of attachment against the properties of spouses Carlos and Teresita Gatmaytan for a collection of sum of money before the RTC of Pasig. On July 2, 1950, Three creditors, herein respondents filed a petition for involuntary insolvency of spouses Gatmaytan in Pampanga and Angeles City. On December 10, 1980, Petitioner obtained a favorable judgment as the writ of execution was issued in its favor. On September 21, 1981...