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Phil. Nat. Bank, et al. vs The CA, et al

Phil. Nat. Bank, et al. Vs The CA, et al

G.R. No. 128661 | 2000-08-08

Gonzaga-Reyes, J.:

In this petition for review on certiorari under Rule 45 of the Rules of Court, petitioner seek the reversal of the 21 March 1997 decision of the Court of Appeals in C.A.-G.R. No. CV-38131. The assailed decision set aside the Order dated 4 March 1992 of the Regional Trial Court of Makati City, Branch 146 in Civil Case No. 7119 insofar as it dismissed the complaint-in-intervention of private respondent China Banking Corporation.

The facts of the case are as follows:

To finance the acquisition of seven (7) ocean-going vessels, namely M/V "Asean Liberty," M/V "Asean Independence," M/V "Asean Mission," M/V "Asean...