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Development Bank of the Philippines vs. Spouses Jesus and Anacorita Doyon

DEVELOPMENT BANK OF THE PHILIPPINES, Petitioner, versus SPOUSES JESUS and ANACORITA DOYON, Respondents.

G.R. No. 167238 | 2009-03-25

D E C I S I O N


CORONA, J.:

This petition[1] seeks to the set aside the November 23, 2004 decision[2] and February 18, 2005 resolution[3] of the Court of Appeals (CA) in CA-G.R. CV No. 74660.

In the early 1990s, respondent spouses Jesus and Anacorita Doyon obtained several loans amounting to P10 million[4] from petitioner Development Bank of the Philippines (DBP). As security for the loans, respondents mortgaged their real estate properties as well as the motor vehicles of JD Bus Lines.

Due to their inability to fully pay their obligations upon maturity,[5] respondents requested petitioner to restructure their past due loans.[6]...