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REYNALDO L. LAUREANO vs BORMAHECO, INC. and EDGARDO C. CRUZ

REYNALDO L. LAUREANO, petitioner, vs. BORMAHECO, INC. and EDGARDO C. CRUZ, respondents.

G.R. No. 137619 | 2001-02-06

D E C I S I O N

GONZAGA-REYES, J.:

This is a Petition for Review on Certiorari under Rule 45 seeking to set aside the decision[1] of the Court of Appeals[2] which dismissed the Petition for Certiorari in CA-G.R. SP No. 45908.

The antecedents of this case are as follows:[3]

On December 11, 1962, the spouses Reynaldo Laureano and Florencia Laureano obtained various credit accommodations from the Philippine National Cooperative Bank (PNCB, for brevity), and, as a security therefor, constituted a real estate mortgage upon two (2) lots located at Bel-Air, Makati City, with Transfer Certificate of Title Nos. 59664 and 59665. The Laureano...