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Philippine Blooming Mills, Inc., et al Vs. CA, et al

PHILIPPINE BLOOMING MILLS, INC., and ALFREDO CHING, petitioners, vs. COURT OF APPEALS and TRADERS ROYAL BANK, respondents.

G.R. No. 142381 | 2003-10-15

D E C I S I O N

CARPIO, J.:

The Case

This is a petition for review on certiorari[1] to annul the Decision[2] dated 16 July 1999 of the Court of Appeals in CA-G.R. CV No. 39690, as well as its Resolution dated 17 February 2000 denying the motion for reconsideration. The Court of Appeals affirmed with modification the Decision[3] dated 31 August 1992 rendered by Branch 113 of the Regional Trial Court of Pasay City ("trial court"). The trial court's Decision declared petitioner Alfredo Ching ("Ching") liable to respondent Traders Royal Bank ("TRB") for the payment of the credit accommodations extended to Philippine Blooming Mills, Inc....