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Korea Exchange Bank vs Filkor Business Integrated, Inc., et al

KOREA EXCHANGE BANK, petitioner, vs. FILKOR BUSINESS INTEGRATED, INC., KIM EUNG JOE, and LEE HAN SANG, respondents.

G.R. No. 138292 | 2002-04-10

D E C I S I O N

QUISUMBING, J.:

This petition assails the order[1] dated April 16, 1999 of the Regional Trial Court of Cavite City, Branch 88, in Civil Case No. N-6689. Said order denied petitioner's partial motion for reconsideration of the trial court's order[2] dated March 12, 1999 whereby respondents were ordered to pay petitioner various sums of U.S. dollars as payment of the former's various loans with interest but omitted to state that the property mortgaged as security for said loans be foreclosed and sold at public auction in case respondents fail to pay their obligations to petitioner ninety days from entry of judgment.

The...