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Gov't Service Insu. Sys. Vs. Court of Appeals, etal

GOVERNMENT SERVICE INSURANCE SYSTEM (GSIS), petitioner, vs. THE HONORABLE COURT OF APPEALS, FELIPE T. ANG and EUFROCINA C. TOBY, respondents.

G.R. No. L-41811 | 1986-11-10

D E C I S I O N


PARAS, J:

This is a petition for review on certiorari of the decision of the Court of Appeals promulgated on December 18, 1975 which set aside the writ of possession issued to petitioner GSIS in L.R.C. (G.L.R.O.) Record Numbers 219 and 108 of the former Court of First Instance (CFI) of Manila, Branch IV, entitled "GSIS v. Sps. Felipe T. Ang and Eufrocina C. Toby."

The records disclose that from 1958 to 1971 private respondents Ang obtained from petitioner GSIS several loans needed to construct a four-storey hotel on their property at Ongpin Street, Manila. The loans were secured by real estate mortgages constituted over...