Laureano Investment & Development Corporation vs Court of Appeals

G.R. No. 100468 May 6, 1997

FACTS:
In 1988, Bormaheco, Inc. (Bormaheco) filed an ex-parte petition with the Registry of Deeds of Makati for
the issuance of a writ of possession over various lots that it bought from a bank. Subsequently, a motion
for intervention was filed by LIDECO Corporation (Lideco) for certain adverse claims. Bormaheco
opposed the motion on the ground that Lideco has no personality to sue because it is not a juridical
entity. Apparently, Lideco is not a corporation registered with the Securities and Exchange Commission.
Bormahecos opposition was granted. Lideco assailed the decision on the ground that LIDECO is an
acronym for Laureano Investment & Development Corporation which is a duly organized corporation.

ISSUE: Whether or not Laureano Investment & Development Corporation can sue Bormaheco, Inc. as
LIDECO Corporation.

HELD: No. A corporation cannot sue under a name other than that registered with the SEC. The
contention that Laureano Investment & Development Corporation merely used the abbreviation is not
tenable. Lideco Corporation had no personality to intervene since it had not been duly registered as a
corporation. If Laureano Investment & Development Corporation truly wished to intervene, it should
have, it should have used its corporate name as the law requires and not another name which it had not
registered.