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Philippine Commercial International Bank, Ex-Officio Sheriff Of The Regional Trial Court Of Valenzuela, Metro Manila, Clerk Of Court And Ex-Officio Sheriff Of The Regional Trial Court Of Pasig, Metro Manila And Judge Teofilo Guadiz, Jr., Presiding Judge, Regional Trial Court Of Makati, Metro Manila, Branch 147 Vs. CA, Ley Construction & Development Corp., Lc Builders & Developers, Inc., Metro Container Corp., Manuel T. Ley And Janet C. Ley, Respondents.

PHILIPPINE COMMERCIAL INTERNATIONAL BANK, EX-OFFICIO SHERIFF OF THE REGIONAL TRIAL COURT OF VALENZUELA, METRO MANILA, CLERK OF COURT AND EX-OFFICIO SHERIFF OF THE REGIONAL TRIAL COURT OF PASIG, METRO MANILA and JUDGE TEOFILO GUADIZ, JR., Presiding Judge, Regional Trial Court of Makati, Metro Manila, Branch 147, petitioners, vs. COURT OF APPEALS, LEY CONSTRUCTION & DEVELOPMENT CORP., LC BUILDERS & DEVELOPERS, INC., METRO CONTAINER CORP., MANUEL T. LEY and JANET C. LEY, respondents.

G.R. No. 114951 | 2003-07-18

D E C I S I O N

CALLEJO, SR., J.:

This is a petition for review on certiorari of the Decision[1] of the Court of Appeals in CA-G.R. SP No. 31251 nullifying the Order of the Regional Trial Court (RTC) of Makati[2] in Civil Case No. 91-2495 dated February 23, 1993 lifting the writ of preliminary injunction earlier issued by the said RTC.

The Antecedents

Between January 1988 to April 1990, the private respondents Ley Construction & Development Corporation (Ley Construction), LC Builders & Developers Corporation (LC Builders), Metro Container Corporation (MCC) and the spouses Manuel and Janet Ley obtained loans from the petitioner...