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A Question on RTC's Jurisdiction
« on: November 17, 2016, 02:27:14 PM »
Q -- A final judgment was rendered by the RTC at a time that it still had jurisdiction. Thereafter, on March 11, 1973, P.D. No. 902-A took effect, transferring the jurisdiction of corporate controversies to the SEC. Can the judgment be still executed? Why?

ANSwer: Yes, because once jurisdiction is acquired or attached to a court over a case, it continues until the end of the case. However, under the circumstances, the execution of the RTC judgment should now be placed under the supervision and control of the SEC, even if the RTC judgment is already final and can no longer be modified or altered. (Aranas v. CA, G.R. No. 95607, July 23, 1992).

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