Back

China Banking Corp. et al. vs. Home Development Mutual Fund

CHINA BANKING CORPORATION AND CBC PROPERTIES AND COMPUTER CENTER, INC., petitioners, vs. THE MEMBERS OF THE BOARD OF TRUSTEES, HOME DEVELOPMENT MUTUAL FUND (HDMF); HDMF PRESIDENT; AND THE HOME MUTUAL DEVELOPMENT FUND, respondents

G.R. No. 131787 | 1999-05-19

D E C I S I O N


GONZAGA-REYES, J.:

This is an appeal by certiorari under Rule 45 of the 1997 Rules of Civil Procedure "on pure questions of law" from the Order of the Regional Trial Court of Makati, Branch 59 dated October 10, 1997 and from the Order of the same court dated December 19, 1997 denying petitioners' motion for reconsideration.

Briefly, petitioners China Banking Corporation (CBC) and CBC Properties and Computer Center Inc. (CBC-PCCI) are both employers who were granted by the Home Development Mutual Fund (HDMF) certificates of waiver dated July 7, 1995 and January 19, 1996 (covering respectively the periods of July 1, 1995 to...