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Philippine Radiant Products, Inc., et al. vs. Metropolitan Bank and Trust Company

PHILIPPINE RADIANT PRODUCTS, INC., represented by DR. MANUEL T. ANG, Petitioner, versus METROPOLITAN BANK & TRUST COMPANY, INC. Respondent.

G.R. No. 163569 | 2005-12-09

D E C I S I O N 


CALLEJO, SR., J.: 

Before the Court is a petition for review on certiorari of the Decision[1] of the Court of Appeals (CA) in CA-G.R. SP No. 73432 which set aside the September 20, 2002 Order[2] of the Regional Trial Court (RTC), Tagum City, Branch 2, in Civil Case No. 3400, dismissing the appeal of petitioner Philippine Radiant Products, Inc. 

The factual and procedural antecedents are as follows: 

On February 1, 2001, the Philippine Radiant Products, Inc. (PRPI) filed a complaint[3] against the Aurora Textile Finishing Company (ATFC), the Philippine Savings Bank (PSB), and the Metropolitan Bank &...