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Air Material Wing vs. Manay [DECISION]

AIR MATERIEL WING SAVINGS AND LOAN ASSOCIATION, INC., COL. RICARDO L. NOLASCO, [JR.], PAF (Ret.); COL. THADDEUS P. ESTALILLA, PAF (Ret.); COL. ISMAEL A. ABAD; 2LT. MORADO O. MERCADO, PAF (Ret.); 2LT. CESAR S. TOLEDANES, PAF (Ret.); COL. DOMINGO E. DIMAPILIS JR., PAF; COL. ANTONIO S. GUMBA, PAF (Ret.); 2LT. RICARDO P. PERIDO; 2LT. CEDRIC V. REYES, PAF (Ret.); BGEN. RUBEN C. ESTEPA, PAF (Ret.); COL. ANGEL E. TAPAC, PAF (Ret.); and MAJ. ROLANDO S. CACABELOS, PAF (Ret.), Petitioners, versus COL. LUVIN S. MANAY, PNP (Ret.); COL. ANTONIO MANTUANO, PAF (Ret.); COL. ANSELMO R. GERONIMO, PAF (Ret.); MAJ. JOSE A. ELAURZA, PAF (Ret.); LT. JOHNSON NESTOR OCFEMIA, PAF (Ret.); and HON. JESUS B. MUPAS, PRESIDING JUDGE, REGIONAL TRIAL COURT OF PASAY CITY, BRANCH 117, Respondents.

G.R. No. 175338 | 2007-10-09

D E C I S I O N
NACHURA, J.:
 
Before the Court is a Petition for Review on Certiorari of the Decision[1] of the Court of Appeals (CA), dated August 15, 2006, in CA-G.R. SP No. 92372, and its Resolution[2] dated November 10, 2006.  The assailed Decision annulled and set aside the Orders[3] issued by the Regional Trial Court (RTC), Pasay City, Branch 117, dated October 14, 2005 and October 28, 2005 in RTC SEC CASE NO. 05-001-CFM.

The facts of the case are as follows:

Petitioner Air Materiel Wing Savings and Loan Association, Inc. (AMWSLAI) is a corporation duly organized and existing under and by virtue of the...