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M.Villar,etal. Vs Phil. Deposit Insurance Corp etal

MANUEL VILLAR and LEONIDES DE LA CRUZ, petitioners, vs. PHILIPPINE DEPOSIT INSURANCE CORP. and ALEXANDER MALVEDA, respondents.

G.R. No. 72323 | 1989-11-09

D E C I S I O N


PARAS, J.:

Before Us is a petition for review on certiorari of the decision 1 of the Intermediate Appellate Court (now known as the Court of Appeals) which affirmed with modification the decision 2 of the Court of First Instance (now known as the Regional Trial Court) Branch 145 of the National Capital Region in Civil Case No. 3392, 3 an action for recovery of sum of money and damages, the dispositive portion of which reads:

"WHEREFORE, judgment is hereby rendered in favor of plaintiffs 4 and against defendants, 5 ordering the latter to:

"(1) Jointly and severally return to plaintiff PDIC, the PDIC funds in the amount...