4/30/2021 E-Library - Information At Your Fingertips: Printer Friendly 413 Phil. 194 EN BANC [ G.R. No. 85494, July 10, 2001 ] CHOITHRAM JETHMAL RAMNANI AND/OR NIRMLA V. RAMNANI AND MOTI C. RAMNANI, PETITIONERS, VS. COURT OF APPEALS, SPS. ISHWAR RAMNANI AND OVERSEAS HOLDING CO., LTD., RESPONDENTS. [G.R. No. 85496] SPS. ISHWAR JETHMAL RAMNANI AND SONYA JETHMAL RAMNANI, PETITIONERS, VS. THE HONORABLE COURT OF APPEALS, ORTIGAS & COMPANY, LTD. PARTNERSHIP AND OVERSEAS HOLDING CO., LTD., ET. AL., RESPONDENTS. [G.R. No. 195071] OVERSEAS HOLDING CO., LTD., PETITIONER, VS. ISHWAR JETHMAL, RAMNANI AND SONYA RAMNANI, RESPONDENTS. RESOLUTION SANDOVAL-GUTIERREZ, J.: Execution of a judgment is the fruit and end of the suit and is the life of the law. To frustrate it for almost a decade by means of deception and dilatory schemes on the part of the losing litigants is to frustrate all the efforts, time and expenditure of the courts. This Court's Decision in this case became final and executory as early as 1992. After years of continuous wrangling during the execution stage, it is unfortunate that the judgment still awaits full implementation. Delaying tactics employed by the said losing litigants have prevented the orderly execution. It is in the interest of justice that we should write finis to this litigation. For resolution is the Motion for Reconsideration of this Court's Resolution dated August 17, 1999 filed by spouses Ishwar and Sonya Ramnani. Our assailed Resolution denied their Manifestation and Urgent Motion dated May 6, 1994 and affirmed the orders of the Regional Trial Court of Pasay City, Branch 119 dated January 27 and April 5, 1994. The factual backdrop, culled from the voluminous records in these cases, are: In the latter part of 1965, spouses Ishwar Jethmal Ramnani, an American citizen, and Sonya Jethmal Ramnani, both from New York (hereinafter referred to as spouses Ishwar), invested substantial amount of money for a profitable business venture in the Philippines. Since they could not personally manage their investments, they appointed https://elibrary.judiciary.gov.ph/thebookshelf/showdocsfriendly/1/52364 1/9