Back

CMS Stock Brokerage, Inc. vs. Court of Appeals, et al.

CMS STOCK BROKERAGE, INC., petitioner-appellant vs. COURT OF APPEALS, HONORABLE RAMON R. BUENAVENTURA in his capacity as Presiding Judge of RTC, National Capital Judicial Region, Branch 154, Pasig City, ATTY. GRACE BELVIS and ALBERTO VALINO, Ex-Officio Sheriff and Deputy Sheriff respectively of the RTC, Pasig City and CAROLINA INDUSTRIES, INC., respondents-appellees.

G.R. No. 124347 | 1997-07-21

D E C I S I O N


MELO, J.:

Petitioner, as judgment debtor, seeks to redeem two parcels of land sold on execution none years earlier upon the contention that the pendency of an action involving the ownership thereof suspended the 12-month period of redemption 1 provided by the present Rules.

On December 7, 1992, petitioner tendered the amount of P2,341,166.48 to Deputy Sheriff Alberto Valino. When the deputy sheriff refused to execute a deed of redemption, petitioner went to the Regional Trial Court of the National Capital Judicial Region at Pasig City and the case was raffled to Branch 154 thereof presided over by herein respondent...