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Vicente T. Tan Vs. Court Of Appeals [ SEPARATE OPINIONS ]

VICENTE T. TAN, VICTAN & COMPANY, INC., TRANSWORLD INVESTMENT CORPORATION, FIRST INTERNATIONAL INVESTMENT COMPANY, INC., FAR EAST PETROLEUM & MINERALS CORPORATION, and PHILCONTRUST INTERNATIONAL CORPORATION, petitioners, vs. THE HONORABLE COURT OF APPEALS (FORMER SPECIAL FIRST DIVISION), CENTRAL BANK OF THE PHILIPPINES, respondents. Ruperto G. Martin & Associates for petitioners. Agapito S. Fajardo, Jerry P. Rebutoc & Restituto P. Ventura for private respondent.

G.R. No. 90365 | 1991-03-18

Separate Opinions

PARAS, J., dissenting:

I dissent.

The facts in this case are simple enough: Vicente T. Tan, one of the petitioners herein, was one of the principal stockholders of the former Continental Bank, located in Manila. At the time the Central Bank closed the Continental Bank for alleged bankruptcy, he was a stockholder of said Continental Bank. Because of the closure and incidents attendant thereto, he, among others, filed on January 13, 1987 an action in the Regional Trial Court of Makati asking a) for damages from the Central Bank; and b) for reconveyance of certain deeds of assignment which he had executed in favor of the...