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Polaris Marketing Corporation vs. Plan, et al

POLARIS MARKETING CORPORATION, petitioner, vs. HON. ANDRES B. PLAN, Presiding Judge, Court of First Instance of Isabela, Cauayan Branch; DOMINGO MANGANTULAO, Deputy Provincial Sheriff of Isabela, and NATALIA SANTOS, respondents.

G.R. No. L-40666 | 1976-01-22

D E C I S I O N

AQUINO, J:

The Court of First Instance of Rizal (Pasig Branch I) rendered a decision dated October 29, 1971 in Civil Case No. 14319, ordering Eleuterio P. Santos to pay Polaris Marketing Corporation (Polaris for short) within ninety days from the receipt of the decision the sum of P104,172.50 plus interest, attorney's fees and costs. The court directed that if Santos did not satisfy that judgment within the ninety day period, then the ten parcels of registered land, which he had mortgaged to Polaris, should be sold at public auction.

Santos did not satisfy the judgment. So, the mortgaged lands, allegedly valued at...