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Phil. National Bank vs. Court of Appeals, et al.

PHILIPPINE NATIONAL BANK, petitioner, vs. THE HONORABLE COURT OF APPEALS AND DIVINA ALIM, respondents.

G.R. No. L-60208 | 1985-12-05

D E C I S I O N


ALAMPAY, J.:

Civil Case No. 7927 which is an action for Annulment of Extrajudicial Foreclosure and Sale of Real Properties and for Damages with Prayer for Preliminary Injunction was filed on April 26, 1975, by the private respondent herein against the Philippine National Bank (PNB) in the Court of First Instance of Quezon Province. On November 27, 1979 a decision was rendered by said court enjoining defendant Philippine National Bank from consolidating its title over the mortgaged properties and directing said bank to allow the private respondent, Divina B. Alim, to redeem the mortgaged properties by accepting payment...