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Heirs of Norberto J. Quisumbing Vs. Philippine National Bank, et al.

HEIRS OF NORBERTO J. QUISUMBING, Petitioners, versus PHILIPPINE NATIONAL BANK and SANTIAGO LAND DEVELOPMENT CORPORATION, Respondents.

G.R. No. 178242 | 2009-01-20

D E C I S I O N


CARPIO MORALES, J.:

From the Court of Appeals Decision[1] of February 14, 2007 denying petitioners' appeal from the Decision[2] of the Regional Trial Court, Branch 62, Makati City in Civil Case No. 10513, they come to this Court on petition for review on certiorari.

Culled from the eight-volume records of the case are the following facts:

In 1984, spouses Ricardo C. Silverio and Beatriz Sison-Silverio (spouses Silverio) and Ricardo C. Silverio as Chairman of the Board of the following companies, namely Delta Motors Corporation (Delta Motors), Komatsu Industries (Komatsu), R.C. Silverio Management Corporation (RCSMC),...