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National Power Corporation Vs. Court Of Appeals, Et Al.

NATIONAL POWER CORPORATION, petitioner, vs. THE HON. COURT OF APPEALS, HON. ELISA R. ISRAEL, in her capacity as Presiding Judge, RTC, National Capital Judicial Region, Manila and the Philippine Commercial and Industrial Bank, respondents.

G.R. No. 93238 | 1992-08-31

D E C I S I O N


NOCON, J.:

This is a petition for review by certiorari to annul and set aside the decision dated March 9, 1990 of the Court of Appeals 1 affirming the Order dated April 21, 1989 of the Regional Trial Court of Manila, Branch IV in Civil Case No. 79092 ordering petitioner National Power Corporation to remit the unsatisfied amount of P340,971.45 plus interest to private respondent Philippine Commercial and Industrial Bank (now Philippine Commercial International Bank) in a judgment dated November 26, 1970 of the trial court.

It appears on record that private respondent Philippine Commercial International Bank (PCIB)...