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Philippine Commercial & Industrial Bank (PCIBank) vs CA, Sps Segundo Maravilla & Febe Maravilla

PHILIPPINE COMMERCIAL AND INDUSTRIAL BANK (PCIBank), petitioner, vs. COURT OF APPEALS, SPOUSES SEGUNDO MARAVILLA and FEBE MARAVILLA, respondents.

G.R. No. 120739 | 2000-07-20

D E C I S I O N

QUISUMBING, J.:

This petition for review seeks to set aside the decision of the Court of Appeals, dated October 28, 1994, in CA-G.R. SP No. 31816. The challenged decision annulled and set aside the orders of the Regional Trial Court, Himamaylan, Negros Occidental, Branch 55, dated June 2, 1993 and July 19, 1993, for having been issued with grave abuse of discretion amounting to lack or excess of jurisdiction. Petitioner PCIBank likewise assails the subsequent resolution denying its motion for reconsideration.

The factual antecedents of this case are as follows:

On July 30 1979, herein private respondents, Segundo and...