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Central Bank of the Phils. vs. Court of Appeals, et al.

CENTRAL BANK OF THE PHILIPPINES, petitioner, vs. HONORABLE COURT OF APPEALS, ISIDRO E. FERNANDEZ, and JESUS R. JAYME, respondents.

G.R. No. L-50031-32 | 1981-07-27

D E C I S I O N


CONCEPCION, JR., J.:

REVIEW on certiorari of the judgment of the respondent appellate court which affirmed the decision of the Court of First Instance of Manila in Sp. Proc. No. 88415, entitled: "Isidro Fernandez, et al., petitioners, versus Central Bank of the Philippines, et al., respondents;" and Sp. Proc. No. 89219, entitled: "In re: Liquidation of Provident Savings Bank, Central Bank of the Philippines, petitioner," setting aside Resolution No. 1766 of the Monetary Board of the Philippines, dated September 15, 1972, which forbade the Provident Savings Bank from doing business in the Philippines.

It is not disputed...