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UCPB vs Roberto Ongpin

UNITED COCONUT PLANTERS BANK, petitioner, vs. ROBERTO V. ONGPIN, respondent.

G.R. No. 146593 | 2001-10-26

D E C I S I O N

MENDOZA, J.:

This is a petition for review on certiorari of the decision, dated December 27, 2000, of the Court of Appeals,[1] setting aside the orders, dated April 19, 1999 and October 13, 1999, of the Regional Trial Court, Branch 133, Makati City in Civil Case No. 95-1594 entitled United Coconut Planters Bank v. Roberto V. Ongpin.

The facts are as follows:

On November 17, 1994, Philippine Apparel, Inc. (PAI) entered into a credit agreement with petitioner United Coconut Planters Bank for a case-to-case credit line in the amount of US$500,000.00. Respondent Roberto V. Ongpin, then controlling stockholder of PAI, signed...