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Romulo G. Dinsay vs Leopoldo D. Cioco

ROMULO G. DINSAY, petitioner, vs. ATTY. LEOPOLDO D. CIOCO, respondent.

A.C. No. 2995 | 1996-11-27

R E S O L U T I O N


FRANCISCO, J.:

Sometime in 1980, Planters Machinery Corporation (PLAMACO) mortgaged to Traders Royal Bank (the Bank) certain properties as security for the payment of its loan. PLAMACO defaulted in the payment of the loan for which reason the Bank extrajudicially foreclosed the mortgage. At the foreclosure sale held on March 8, 1994 and conducted by Deputy Sheriff Renato M. Belleza, the mortgaged properties were sold to the bank, the sole bidder. Thereafter, a Certificate of Sheriff's Sale 1 was executed by respondent Atty. Leopoldo D. Cioco, then Clerk of Court and Ex-Officio Sheriff, 2 which document was notarized...