STRONGHOLD INSURANCE v. CUENCA
STRONGHOLD INSURANCE COMPANY, INC. vs. TOMAS CUENCA, MARCELINA CUENCA, MILAGROS CUENCA, BRAMIE T. TAYACTAC, and MANUEL D. MARANON, JR. G.R. No. 173297, March 6, 2013 FACTS: Marañon filed a complaint with an application for the issuance of a writ of preliminary attachment in the RTC against the Cuencas and Tayactac for the collection of a sum of money and damages. The RTC granted the application for the issuance of the writ of preliminary attachment conditioned upon the posting of a bond of P1 Million executed in favor of the Cuencas. Marañon posted bond in the amount of P1 Million issued by Stronghold Insurance. Enforcing the writ of preliminary attachment, the sheriff levied upon the equipment, supplies, materials and various other personal property belonging to Arc Cuisine, Inc., to which the respondents where stockholders. But the levied properties were ordered by the CA to be delivered back to the Cuencas and Tayactac due to the damages sustained from the enforceme...