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Estanislao vs. East West Banking Corp.

SPS. RAFAEL P. ESTANISLAO AND ZENAIDA ESTANISLAO, Petitioners, versus EAST WEST BANKING CORPORATION, Respondent.

G.R. No. 178537 | 2008-02-11

DECISION


YNARES-SANTIAGO, J.:

This is a petition for review of the Decision[1] of the Court of Appeals dated April 13, 2007 in CA-G.R. CV No. 87114 which reversed and set aside the Decision of the Regional Trial Court of Antipolo City, Branch 73 in Civil Case No. 00-5731. The appellate court entered a new judgment ordering petitioners spouses Estanislao to pay respondent East West Banking Corporation P4,275,919.65 plus interest and attorney's fees. Also assailed is the Resolution[2] dated June 25, 2007 denying the motion for reconsideration.

The facts are as follows:

On July 24, 1997, petitioners obtained a loan from the respondent in the...