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Median Container Corp. Vs. Metropolitan Bank & Trust Co.

MEDIAN CONTAINER CORPORATION, Petitioner, versus METROPOLITAN BANK AND TRUST COMPANY, Respondent.

G.R. No. 166904 | 2008-08-11

D E C I S I O N


CARPIO MORALES, J.:

Respondent, Metropolitan Bank and Trust Company (Metrobank), filed a complaint for sum of money[1] on June 23, 2003 before the Regional Trial Court (RTC) of Makati against petitioner Median Container Corporation (MCC) and the spouses Carlos T. Ley and Fely C. Ley, Vice President/Treasurer of MCC for failure of MCC to settle the amount of more than P5,000,000 representing the outstanding balance of loans contracted by MCC, represented by Fely C. Ley.

Summonses addressed as follows to the defendants were issued on July 17, 2003 by Branch 22 of the Makati RTC:[2]

MEDIAN CONTAINER CORPORATION
Lot...