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China Banking Corp. Vs. Ta Fa Industires Inc., et a.

CHINA BANKING CORPORATION, Petitioner, versus TA FA INDUSTRIES, INC., J & H INDUSTRIES, INC., and JEAN LONG INDUSTRIES, INC.,

G.R. No. 160113 | 2008-04-30

D E C I S I O N


AUSTRIA-MARTINEZ, J.:

This resolves the Petition for Review on Certiorari under Rule 45 of the Rules of Court filed by China Banking Corporation (petitioner), praying that the Decision[1] of the Court of Appeals (CA) dated June 30, 2003, and the CA Resolution[2] dated September 26, 2003, be reversed and set aside.

The undisputed facts of the case as summarized by the CA are as follows:

On different dates, private respondent Ta Fa Industries, Inc., through its authorized signatory, Hung Chen Chen, for value received, signed and delivered in favor of petitioner bank:

Promissory Note Date Amount

(a) MK-T-22165...