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Caneland Sugar Corp. vs. Hon. Reynaldo Alon, et al

CANELAND SUGAR CORPORATION, Petitioner, versus HON. REYNALDO M. ALON, LAND BANK OF THE PHILIPPINES, and ERIC B. DE VERA, Respondents.

G.R. No. 142896 | 2007-09-12

D E C I S I O N
 


AUSTRIA-MARTINEZ, J.:

On July 15, 1999, Caneland Sugar Corporation (petitioner) filed with the Regional Trial Court (RTC) of Silay City, Branch 40, a complaint for damages, injunction, and nullity of mortgage against the Land Bank of the Philippines (respondent) and Sheriff Eric B. de Vera, docketed as Civil Case No. 2067-40, praying for the following reliefs: issuance of a temporary restraining order enjoining respondent and the Sheriff from proceeding with the auction sale of petitioner's property; declaration of nullity of any foreclosure sale to be held; declaration of nullity of the mortgage constituted over...