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Bank Of The Philippine Islands Vs. Far East Molasses Corporation

BANK OF THE PHILIPPINE ISLANDS, petitioner, vs. FAR EAST MOLASSES CORPORATION, respondent. Padilla Law Office for petitioner. Quasha, Asperilla, Ancheta, Pe?a & Nolasco for respondent.

G.R. No. 89125 | 1991-07-02

D E C I S I O N


DAVIDE, JR., J.:

This is an appeal by certiorari to review the decision 1 of the Court of Appeals of 24 February 1989 in C.A.-G.R. SP No. 12722 2 granting respondent's petition for certiorari, setting aside the trial court's order of 24 August 1987 in Civil Case No. 23282 which granted the motion for execution of judgment, and giving due course to its appeal, as well as its Resolution dated 11 July 1989, denying petitioner's motion for reconsideration.

The antecedent facts are not disputed.

On 15 April 1976, petitioner filed with the Court of First Instance (now Regional Trial Court) of Rizal a complaint 3 for recovery...