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Development Bank of The Philippines vs. Traverse Development Corporation and Central Surety and Insurance Company, G.R. No. 169293, October 5, 2011
Development Bank of The Philippines vs. Traverse Development Corporation and Central Surety and Insurance Company, G.R. No. 169293, October 5, 2011
Development Bank of The Philippines vs. Traverse Development Corporation and Central Surety and Insurance Company, G.R. No. 169293, October 5, 2011
because of the transfer of insurance policy from FGU to respondent Central. Thus,
only respondent Central should be held liable for the payment of attorneys fees and
costs of suit.
Hence, petition was granted and the Court modified the decision of the Court of
Appeals holding the petitioner not liable for the payment of the attorneys fees and
cost of suit.