Back

Metropolitan Bank & Trust Co. vs. Jimmy Go, et al.

METROPOLITAN BANK & TRUST COMPANY, Petitioner, versus JIMMY GO and BEMJAMIN GO BAUTISTA alias BENJAMIN GO, Respondents.

G.R. No. 155647 | 2007-11-23

DECISION


NACHURA, J.:

Petitioner Metropolitan Bank & Trust Company (Metrobank) urges this Court to review on certiorari under Rule 45 of the 1997 Rules of Civil Procedure the Decision dated August 15, 2002 and the Resolution dated October 15, 2002, both of the Court of Appeals in CA-G.R. SP No. 61544.[1]

The Facts of the Case

On September 30, 1988, Metrobank, through its Assistant Vice- President Leonardo B. Lejano, executed a Credit Line Agreement[2] in favor of its client, BGB Industrial Textile Mills, Inc. (BGB) in the total amount of P10,000,000.00. As security for the obligation, private respondent Benjamin Go (now deceased), being...