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Union Bank of the Philippines Vs. Pacific Equipment Corporation, et al.

UNION BANK OF THE PHILIPPINES,Petitioner,versus PACIFIC EQUIPMENT CORPORATION,ANTOLIN M. ORETA, SR., and ALFONSO V. CASIMIRO,Respondents.

G.R. No. 172053 | 2008-10-06

DECISION


NACHURA, J.:

Before us is a Petition for Review on Certiorari under Rule 45 of the Rules of Court seeking to set aside the Court of Appeals (CA) Decision[1] dated September 16, 2005 and its Resolution[2] dated March 27, 2006, in CA-G.R. SP No. 90053.

The facts of the case, as culled from the records, are as follows:

In July 1986, petitioner Union Bank of the Philippines filed a Complaint[3] for Replevin and/or Sum of Money with Prayer for the Issuance of Preliminary Attachment against respondents Pacific Equipment Corporation, Antolin M. Oreta, Sr. and Alfonso V. Casimiro (and a certain John Doe), before the Regional Trial...