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Union Bank of the Phil. vs. Spouses Ong

UNION BANK OF THE PHILIPPINES, Petitioner, versus SPS. ALFREDO ONG AND SUSANA ONG and JACKSON LEE, Respondents.

G.R. No. 152347 | 2006-06-21

D E C I S I O N 


GARCIA, J.: 

By this petition for review under Rule 45 of the Rules of Court, petitioner Union Bank of the Philippines (Union Bank) seeks to set aside the decision[1] dated December 5, 2001 of the Court of Appeals (CA) in CA-G.R. No. 66030 reversing an earlier decision of the Regional Trial Court (RTC) of Pasig City in Civil Case No. 61601, a suit thereat commenced by the petitioner against the herein respondents for annulment or rescission of sale in fraud of creditors. 

The facts: 

Herein respondents, the spouses Alfredo Ong and Susana Ong, own the majority capital stock of Baliwag Mahogany Corporation...