Back

Trans-Pacific Industrial Supplies, Inc. Vs. Court Of Appeals

TRANS-PACIFIC INDUSTRIAL SUPPLIES, INC., petitioner, vs. THE COURT OF APPEALS and ASSOCIATED BANK, respondents.

G.R. No. 109172 | 1994-08-19

D E C I S I O N


BIDIN, J.:

In this petition for review on certiorari, petitioner Trans-Pacific Industrial Supplies, Inc. seeks the reversal of the decision of respondent court, the decretal portion of which reads:

"WHEREFORE, the decision of June 11, 1991 is SET ASIDE and NULLIFIED; the complaint is dismissed, and on the counterclaim, Transpacific is ordered to pay Associated attorney's fees of P15,000.00.

"Costs against Transpacific.

"SO ORDERED." (Rollo, p. 47)

Sometime in 1979, petitioner applied for and was granted several financial accommodations amounting to P1,300,000.00 by respondent Associated Bank. The loans were evidence...