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CBP vs. Cloribel [SEPARATE OPINION, DISSENTING, TEEHANKEE, J.]

THE CENTRAL BANK OF THE PHILIPPINES, petitioner, vs. HON. JUDGE GAUDENCIO CLORIBEL and BANCO FILIPINO, Savings and Mortgage Bank, respondents.

G.R. No. L-26971 | 1972-04-11

DISSENTING OPINION  
 
TEEHANKEE, J.: 
 
The issue at bar is the validity of petitioner Central Bank Circulars Nos. 185 and 222 dated December 15, 1964 and June 14, 1966, respectively, (Circular No. 222 having been issued by virtue of Monetary Board Resolution No. 805 dated May 20, 1966) and of Monetary Board Resolution No. 1566 dated September 20, 1966 directing respondent bank specifically to comply strictly with said circulars "prescribing the regulations governing rates of interest, on demand, savings and time deposits." Respondent court's writ of preliminary injunction enjoining petitioner Central...