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Filipro, Inc. vs. Permanent Savings and Loans Bank.

FILIPRO, INC., Petitioner, versus PERMANENT SAVINGS & LOAN BANK thru its duly appointed receiver/ liquidator, MR. ARNULFO B. AURELLANO of the Central Bank of the Phils., Respondents.

G.R. No. 142236 | 2006-09-27

FIRST DIVISION
 
DECISION 
 
YNARES-SANTIAGO, J.: 
 
This petition for review assails the February 23, 2000 Decision[1] of the Court of Appeals in CA-G.R. SP No. 29566, which dismissed respondent Permanent Savings & Loan Bank's petition for certiorari and prohibition but at the same time ordered petitioner Filipro, Inc. to remit the sum of P547,000.00 to the duly appointed receiver of respondent's bank. 
 
The antecedent facts are as follows: 
 
On January 17, 1984, Filipro, Inc. filed a complaint[2] for damages with the Regional Trial Court of Makati against the Philippine Banking Corporation...