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Durisol Philippines, Inc. vs CA, Hon. Adriano Osorio, et al.

DURISOL PHILIPPINES, INC., petitioner, vs. COURT OF APPEALS, HON. ADRIANO R. OSORIO, Judge, RTC, Branch 171, Valenzuela, Metro Manila, DEVELOPMENT BANK OF THE PHILIPPINES, MANILA FERTILIZERS, INC., POLAR MINES AND DEVELOPMENT CORPORATION, SPOUSES ISABEL S. VILLARAMA and CONRADO D. VILLARAMA, SPOUSES MARIBEL CABRALES and DANILO CABRALES, ROLANDO ANG SEE, SPOUSES ALEXANDER GABRIEL and MARILOU GO GABRIEL and REMEDIOS REYES, respondents.

G.R. No. 121106 | 2002-02-20

ESTOPPEL/LACHES

Annulment of Judgment

Facts:

DBP instituted an extrajudicial foreclosure of mortgage covering 2 parcels of land against petitioner. DBP emerged as the highest bidder.
Before the foreclosure sale was held, petitioner's president borrowed from DBP the TCT's covering the 2 parcels of land in order to obtain new titles in accordance with the approved subdivision plan of the properties.

Petitioner was able to obtain new titles in lieu of the 2 mother titles, all issued in its name. It never returned the titles it borrowed to DBP. Because of this, DBP was unable to register the property in its name, although, it purchased the...