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Suico Rattan & Buri Interiors, Inc., et al. vs. CA, et al.

Suico Rattan & Buri Interiors, Inc. and Spouses Esmeraldo and Elizabeth D. Suico, Petitioners, versus Court of Appeals and Metropolitan Bank and Trust Co., Inc., Respondents.

G.R. No. 138145 | 2006-06-15

FIRST DIVISION

D E C I S I O N


AUSTRIA-MARTINEZ, J.

Before the Court is a petition for review on certiorari under Rule 45 of the Rules of Court assailing the Decision [1] of the Court of Appeals (CA) dated January 14, 1999 in CA-G.R. CV No. 48320, which reversed and set aside the Decision [2] of the Regional Trial Court (RTC) of Cebu in Civil Case No. CEB-13156; and the CA Resolution dated April 6, 1999, denying petitioners' motion for reconsideration. [3] 

The facts of the case are as follows: 

Suico Rattan & Buri Interiors, Inc. (SRBII) is a domestic corporation engaged in the business of export of rattan and buri...