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DBP vs Pingol Land Transport System

DEVELOPMENT BANK OF THE PHILIPPINES, PETITIONER, VS. PINGOL LAND TRANSPORT SYSTEM COMPANY, INC., REMEDIOS D. PINGOL, JESUSITO L. PINGOL AND JOSEPHINE PINGOL-SILO, RESPONDENTS.

G.R. No. 145908 | 2004-01-22

D E C I S I O N

YNARES-SANTIAGO, J.:

Assailed in this petition for review on certiorari is the September 7, 2000 Decision[1] of the Court of Appeals in CA-G.R. SP No. 35189 which dismissed the petition for certiorari questioning the July 14, 1994 Order[2] of the Regional Trial Court of Naga City, Branch 22 in Civil Case No. 94-3192 denying petitioner's motion to dismiss.

The antecedent facts show that on December 2, 1991 and September 2, 1992, respondent Pingol Land Transport System Company, Inc. (PLTSCI), a domestic corporation, obtained loans from petitioner Development Bank of the Philippines in the total amount of P20 Million.[3] To...