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In Re: Petition for Assistance in the liquidation of the Rural Bank of Bokod (Benguet), Inc. vs. Bureau of Internal Revenue.

IN RE: PETITION FOR ASSISTANCE IN THE LIQUIDATION OF THE RURAL BANK OF BOKOD (BENGUET), INC., PHILIPPINE DEPOSIT INSURANCE CORPORATION, Petitioner, versus BUREAU OF INTERNAL REVENUE, Respondent.

G.R. No. 158261 | 2006-12-18

FIRST DIVISION
 
DECISION 
 
CHICO-NAZARIO, J.: 
 
This is a Petition for Review on Certiorari[1] under Rule 45 of the revised Rules of Court, praying that this Court set aside the Orders, dated 17 January 2003[2] and 13 May 2003,[3] of the Regional Trial Court (RTC) of La Trinidad, Benguet, sitting as the Liquidation Court of the closed Rural Bank of Bokod (Benguet), Inc. (RBBI), in Spec. Proc. No. 91-SP-0060. 
 
There is no dispute as to the antecedent facts of the case, recounted as follows: 
 
In 1986, a special examination of RBBI was conducted by the Supervision and Examination Sector (SES)...