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Permanent Savings and Loan Bank vs. Mariano Velarde

PERMANENT SAVINGS AND LOAN BANK, Petitioner, versus -MARIANO VELARDE, Respondent.

G.R. No. 140608 | 2004-09-23

D E C I S I O N

AUSTRIA-MARTINEZ, J.:

In a complaint for sum of money filed before the Regional Trial Court of Manila (Branch 37), docketed as Civil Case No. 94-71639, petitioner Permanent Savings and Loan Bank sought to recover from respondent Mariano Velarde, the sum of P1,000,000.00 plus accrued interests and penalties, based on a loan obtained by respondent from petitioner bank, evidenced by the following: (1) promissory note dated September 28, 1983;[1] (2) loan release sheet dated September 28, 1983;[2] and (3) loan disclosure statement dated September 28, 1983.[3] Petitioner bank, represented by its Deputy Liquidator after it was...