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Phil. National Bank vs. Court of Appeals, et al.

PHILIPPINE NATIONAL BANK, petitioner vs. COURT OF APPEALS and INDUSTRIAL ENTERPRISES, INC., respondents.

G.R. No. 118357 | 1997-05-06

D E C I S I O N


ROMERO, J.:

This is a petition for review on certiorari of the Decision 1 of the Court of Appeals affirming in toto the November 27, 1992 decision 2 of the Regional Trial Court of Makati, Branch 150 which disposed of Civil Case No. 8109, "Industrial Enterprises, Inc. v. Marinduque Mining and Industrial Corporation, Geronimo Velasco (in his capasity as the then Minister of Energy) and Philippine National Bank," an action for rescission of contract and damages, as follows:

WHEREFORE, in the light of the foregoing, and as plaintiff Industrial Enterprises, Inc. was able to establish by preponderant evidence the allegations...