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Busuego, Banez & Lim vs CA & Central Bank

ROMEO P. BUSUEGO, CATALINO F. BANEZ and RENATO F. LIM, petitioners, vs. THE HONORABLE COURT OF APPEALS and THE MONETARY BOARD OF THE CENTRAL BANK OF THE PHILIPPINES, respondents.

G.R. No. 95326 | 1999-03-11

D E C I S I O N


PURISIMA, J.:

This is a petition for review on certiorari under Rule 45 of the Rules of Court seeking a reversal of the Decision1 [Penned by Associate Justice Jose A.R. Melo and concurred by Associate Justices Antonio M. Martinez and Nicolas P. Lapena, Jr.], dated September 14, 1990, of the Court of Appeals in CA-G.R. CV No. 23656.

As culled from the records, the facts of the case are as follows:

The 16th regular examination of the books and records of the PAL Employees Savings and Loan Association, Inc. ("PESALA") was conducted from March 14 to April 16, 1988 by a team of CB examiners headed by Belinda Rodriguez....