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Jeffrey Dayrit vs Phil. Bank of Comm.

JEFFREY DAYRIT, petitioner, vs. PHILIPPINE BANK OF COMMUNICATIONS, respondent.

G.R. No. 140316 | 2002-08-01

R E S O L U T I O N

QUISUMBING, J.:

This petition for review seeks the reversal of the decision[1] of the Court of Appeals dated July 2, 1999 in CA-G.R. CV No. 53374, dismissing petitioner's appeal and affirming the writ of possession issued by the Regional Trial Court of Quezon City, Branch 94, in L.R.C. Case No. Q-6570 (94). It likewise seeks to annul the resolution[2] denying petitioner's motion for reconsideration.

The facts of this case, as culled from the records, are as follows:

Petitioner Jeffrey Dayrit and his wife Marina Valencia Dayrit obtained a P15 million loan from respondent Philippine Bank of Communications and posted...