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First Integrated Bonding & Insurance Co. Inc. vs CA, et al.

FIRST INTEGRATED BONDING & INSURANCE CO., INC., petitioner, vs. COURT OF APPEALS and PILIPINAS BANK, respondents.

G.R. No. 119577 | 1996-08-28

DAVIDE, JR., J.:


In this petition for review under Rule 45 of the Rules of Court, petitioner First Integrated Bonding & Insurance Co., Inc. (hereinafter FIBICI) seeks the reversal of the decision 1 of 15 July 1994 and the resolution 2 of 17 March 1995 of the Court of Appeals in CA-G.R. CV No. 21271. The former affirmed the decision 3 of 28 November 1986 and the order 4 of 30 June 1987 of the Regional Trial Court (RTC) of Makati, Branch 137, in Civil Case No. 7957, while the latter denied the motion for the reconsideration of the former.

The Court of Appeals adopted in toto the following summary of the factual and procedural backdrop of...