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Republic Planters Bank vs. Enrique A. Agana, Sr., et al.

REPUBLIC PLANTERS BANK, petitioner vs. HON. ENRIQUE A. AGANA, SR., as Presiding Judge, Court of First Instance of Rizal, Branch XXVIII, Pasay City, ROBES-FRANCISCO REALTY & DEVELOPMENT CORPORATION and ADALIA F. ROBES, respondents.

G.R. No. 51765 | 1997-03-03

D E C I S I O N


HERMOSISIMA, JR., J.:

This is a petition for certiorari seeking the annulment of the Decision 1 of the then Court of First Instance of Rizal 2 for having been rendered in grave abuse of discretion. Private respondents Robes-Francisco Realty and Development Corporation (hereafter, "the Corporation") and Adalia F. Robes filed in the court a quo, an action for specific performance to compel petitioner to redeem 800 preferred shares of stock with a face value of P8,000.00 and to pay 1% quarterly interest thereon as quarterly dividend owing them under the terms and conditions of the certificates of stock.

The court a quo...