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Sps. Expedito Zepeda and Alice D. Zepeda vs. China Banking Corporation.

SPS. EXPEDITO ZEPEDA AND ALICE D. ZEPEDA, Petitioners, versus CHINA BANKING CORPORATION, Respondent.

G.R. No. 172175 | 2006-10-09

FIRST DIVISION
 
DECISION
 
YNARES-SANTIAGO, J.
 
This petition for review under Rule 45 of the Rules of Court assails the January 24, 2006 Decision[1] of the Court of Appeals in CA-G.R. SP No. 89148 granting respondent China Banking Corporation's (Chinabank) petition to annul the Orders dated April 1, 2004[2] and October 22, 2004[3] of the Regional Trial Court of San Jose, Camarines Sur, Branch 30,[4] in Civil Case No. T-947. Also assailed is the March 31, 2006 Resolution[5] denying petitioners' motion for reconsideration. 
 
The facts are as follows. 
 
On February 18, 2003, spouses Expedito and...