COMETA and STATE INVESTMENT TRUST, INC. vs. COURT OF APPEALS

REYNALDO T. COMETA and STATE INVESTMENT TRUST, INC. vs. COURT OF APPEALS, HON.GEORGE MACLIING
G.R. No. 124062. January 21, 1999
Facts:
1.      Petitioner SITI extended loans in various amounts to GIDC (Guevent Industrial Development Corp), which the latter failed to pay on the dates they became due.
2.      A rehabilitation plan was agreed upon for GIDC under which it mortgaged several parcels of land to petitioner SITI.
3.      Hence, SITI foreclosed the mortgages andacquired the properties as highest bidder.
4.      Alleging irregularities in the foreclosure, GIDC filed a case but was eventually settled through a compromise agreement.
5.      A dispute later arose concerning the interpretation of the compromise agreement, as respondent HBI offered to purchase from GIDC the lot and the latter agreed but petitioner SITI (the mortgagee) refused to give its consent to the sale and release its lien on the property.
6.      For this reason, GIDC asked the trial court for a clarification of its decision.
7.      Subsequently, the trial court which then reached the SC - directed petitioner SITI to accept the offer of respondent HBI to purchase the property.
8.      Meanwhile, respondent HBI applied to the HLURB for a permit to develop the property in question and it was granted.
9.      On account of which respondent HBI built a condominium.
10.  When respondent HBI applied for a license to sell the condominium units it was required by the HLURB to submit an Affidavit of Undertaking which in effect stated that the mortgagee (SITI) of the property to be developed agrees to release the mortgage on the said property as soon as the full purchase price of the same is paid by the buyer.
11.  Respondent HBI submitted the required affidavit purportedly executed by petitioner Cometa as president of SITI (mortgagee).
12.  Petitioner Cometa denied, however, that he ever executed the affidavit.
13.  The NBI found Cometas signature on the Affidavit to be a forgery on the basis of which a complaint for falsification of public document was filed against HBI president Guevara.
14.  Following the dismissal of the criminal case against him, private respondents Reynaldo S. Guevaraand HBI filed a complaint for malicious prosecution against petitioners Cometa and SITI.
15.  After the pretrial of the case, they filed a joint motion to dismiss with alternative motion to drop respondent HBI as a party plaintiff.

Issue:
            Whether or not private respondent HBI should have been dropped as a party plaintiff

Ruling:

            It is true that a criminal case can only be filed against the officers of a corporation and not against the corporation itself. It does not follow from this, however, that the corporation cannot be a real-party-in-interest for the purpose of bringing a civil action for malicious prosecution.

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