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Security Bank Corporation vs Indiana Aerospace University, et al.

SECURITY BANK CORPORATION (formerly Security Bank and Trust Company), Petitioner, versus INDIANA AEROSPACE UNIVERSITY, THE BRANCH SHERIFF, Regional Trial Court of Muntinlupa City, Branch 256, and THE REGISTER OF DEEDS OF MAKATI CITY, Respondents.

G.R. No. 146197 | 2005-06-27

D E C I S I O N 


CARPIO, J.: 

The Case 

Before this Court is a petition for review[1] assailing the 22 February 2000 and 29 November 2000 Resolutions[2] of the Court of Appeals in CA-G.R. SP No. 56534. The Court of Appeals denied the petition of Security Bank and Trust Company ("Security Bank") for failure to comply with Section 3, Rule 46 of the 1997 Rules of Civil Procedure as amended by Supreme Court Circular No. 39-98.[3] 

The Antecedent Facts 

On 20 September 1996, Security Bank as mortgagee and Innovatech Development and Management Corporation ("Innovatech") as mortgagor entered into a real estate mortgage....