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Philippine National Bank Vs. International Corporate Bank

PHILIPPINE NATIONAL BANK, petitioners, vs. INTERNATIONAL CORPORATE BANK and COURT OF APPEALS * , respondents. Domingo A. Santiago, Jr., Nicolas C. Alino, Cesar T. Basa and Evelyn A. Alvarez for petitioner. A.M. Perez & Associates for private respondent.

G.R. No. 86679 | 1991-07-23

D E C I S I O N


REGALADO, J.:

Challenged in this petition for review on certiorari is the decision of the Court of Appeals, dated January 31, 1989, in CAG.R. CV No. 12342 affirming the decision of the Regional Trial Court of Alaminos, Pangasinan, acting as a land registration court, which dismissed petitioner s application for the cancellation of annotations of an encumbrance on its transfer certificates of title. 1

As found by respondent court and sustained by the record, on May 7, 1985, petitioner filed with the Regional Trial Court of Alaminos, Pangasinan and docketed therein as LRC No. A-229, Record No. N-33399, a petition for the...