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Associated Bank Vs. Court Of Appeals, Et Al.

ASSOCIATED BANK, petitioner, vs. HON. COURT OF APPEALS, HON. MARINA L. BUZON, as Presiding Judge of RTC, Quezon City, MM, Br. 91, VISITACION SERRA FLORES, RTC, Quezon City, MM, Br. 91, MA. ASUNCION FLORES, PHILIPPINE COMMERCIAL INTERNATIONAL BANK, FAR EAST BANK & TRUST CO., SECURITY BANK & TRUST CO. and CITYTRUST BANKING CORPORATION, respondents.

G.R. No. 107918 | 1994-06-14

D E C I S I O N


KAPUNAN, J.:

This is a petition for review on certiorari seeking the reversal of the decision of the Court of Appeals on November 18, 1992 affirming in toto the Order of the Regional Trial Court of Quezon City, Branch 91 dismissing the petitioner's third-party complaint against private respondent banks for lack of jurisdiction.

The facts of the case, as found by both the trial court and the Court of Appeals are undisputed:

"In a complaint for Violation of the Negotiable Instrument Law and Damages, plaintiffs 1 seek the recovery of the amount of P900,913.60 which defendant bank 2 charged against their current account by...