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SolidBank vs CA, Central Bank & FEBTC

SOLIDBANK CORPORATION (a.k.a. The Consolidated Bank & Trust Corp.), petitioner, vs. HON. COURT OF APPEALS, CENTRAL BANK OF THE PHILIPPINES, and FAR EAST BANK & TRUST COMPANY, respondents.

G.R. No. 120010 | 2002-10-03

D E C I S I O N

AUSTRIA-MARTINEZ, J.:

Whether or not summary judgment is proper in the case at bar is the issue to be resolved in the petition for review on certiorari under Rule 45 of the Rules of Court filed with this Court assailing the Decision[1] of the Court of Appeals dated January 31, 1995 and its subsequent Resolution[2] dated April 28, 1995 in CA-G.R. CV No. 23601.

The antecedent facts as found by the Court of Appeals are as follows:

The Pacific Banking Corporation (hereafter, "PBC") was placed under receivership on 5 July 1985. A Liquidator was designated for the liquidation process. The Central Bank invited several banks to...