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SC orders lower court to rule on $33.9-million Benedicto case By Benjamin B. Pulta 05/13/2010

Thursday, May 13, 2010

SC orders lower court to rule on $33.9-million Benedicto case


By Benjamin B. Pulta
05/13/2010

A ruling by the Supreme Court (SC) has ordered the Regional Trial Court (RTC) of Bacolod City to decide on the civil suit filed involving more 371 individual sugar workers and corporations seeking to recover $33.9 million from the estate of the late Roberto Benedicto and Traders Royal Bank (TRB).

In a 23-page decision by Associate Justice Diosdado Peralta, the court’s third division turned down the suit filed by Benedicto and TRB seeking the reversal of the Court of Appeals (CA)’s decision issued on Sept. 30, directing that the civil suit be remanded to the trial court.

The Bacolod City RTC Branch 44 earlier dismissed the civil complaint on the ground of forum shopping as the complainants failed to report in their anti-forum shopping certification in the Bacolod case that they had filed a similar case with the Pasig RTC even though the same had been already withdrawn by them.

The case arose from a complaint filed by the sugar planters and agricultural corporations on Nov. 23, 1997 with the Bacolod RTC seeking to recover their unpaid share in the sugar export sales supposedly undervalued by the National Sugar Trading Corp. (Nasutra) and coursed through TRB.

As president and concurrent chairman of both TRB and Nasutra, the complainants charged Benedicto with fraud and bad faith in refusing to furnish them accurate date on Nasutra’s export sugar sales and in under-reporting and underdeclaring the true prices of the shipments.... MORE  

SourceThe Daily Tribune

URL: http://www.tribuneonline.org/nation/20100513nat1.html


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