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Document1 Document1: 1 of Of2 2
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SPOUSES GONZALES VS SUGAR REGULATORY and that it was not a party to the real estate mortgage
ADMINISTRATION
ADMINISTRATION (1989) between petitioners and the RPBank.
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more specifically to the assets and liabilities of directed and ordered by the President of the
Philsucom. Under the second paragraph of Section 13, Philippines," to collect and receive the proceeds of
the SRA has been authorized to determine which of the "levies, charges and other impositions as [then] granted
assets and records of Philsucom are required for the by law, decree and/or executive order, to the
carrying out of the activities which the SRA is to carry on [Philsucom]." Whether the deductions here assailed by
or undertake. The succession of the SRA to the assets petitioners are included among the "levies, charges and
and records of the Philsucom is thus limited in nature; other impositions" then made by Philsucom and now
the extent of such succession is left to the discretionary continued by SRA, must be determined by the trial
determination of the SRA itself. More importantly, court.
Executive Order No. 18 is silent as to the liabilities of
Philsucom; it does not speak of assumption of such Dismissal of petitioners' complaint against respondent
liabilities by the SRA. SRA was premature