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Rizal Commercial Banking Corp. vs. Guardson Lood

RIZAL COMMERCIAL BANKING CORPORATION, petitioner, vs. HON. GUARDSON LOOD, Judge of the Court of First Instance of Rizal, RAUL P. GARAY and MARCELO B. GARAY, respondents.

G.R. No. L-42900 | 1981-12-14

D E C I S I O N


CONCEPCION JR., J.:

Petition for certiorari and prohibition, with preliminary injunction, to annul and set aside an order granting a petition for relief from judgment.

The record shows that on October 4, 1966, the herein private respondents Raul Garay and Marcelo Garay executed two (2) promissory notes in favor of the herein petitioner, Rizal Commercial Banking Corporation, for the amounts of P13,000.00 and P3,000.00, payable by them jointly and severally within one (1) year from execution thereof, with interests thereon at the rate of 12% and 14% per annum, respectively, and an amount equivalent to 10% of the total...