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PNB vs CA & Remington Ind. Sales

PHILIPPINE NATIONAL BANK, petitioner, vs. COURT OF APPEALS and REMINGTON INDUSTRIAL SALES CORPORATION, respondents.

G.R. No. 122710 | 2001-10-12

D E C I S I O N

PARDO, J.:

The Case

The case is an appeal via certiorari from the decision of the Court of Appeals[1] affirming the decision of the trial court sentencing petitioner Philippine National Bank (PNB), the Development Bank of the Philippines, Marinduque Mining and Industrial Corporation (MMIC), Nonoc Mining and Industrial Corporation, Maricalum Mining Corporation, Island Cement Corporation and Asset Privatization Trust, to pay jointly and severally the sum of P920,755.95, representing the principal obligation of Marinduque Mining and Industrial Corporation (MMIC) to Remington Industrial Sales Corporation (Remington),...