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Producers Bank of the Philippines Vs. Excelsa Industries, Inc.

PRODUCERS BANK OF THE PHILIPPINES, Petitioner, versus EXCELSA INDUSTRIES, INC., Respondent.

G.R. No. 152071 | 2009-05-08

D E C I S I O N


Tinga, J.:

This is a petition for review on certiorari[1] under Rule 43 of the 1997 Rules of Civil Procedure, assailing the decision[2] and resolution[3] of the Court of Appeals in CA-G.R. CV No. 59931. The Court of Appeals' decision[4] reversed the decision of the Regional Trial Court (RTC), Branch 73, Antipolo, Rizal, upholding the extrajudicial foreclosure of the mortgage on respondent's properties, while the resolution denied petitioner's motion for reconsideration.[5]

As borne by the records of the case, the following factual antecedents appear:

Respondent Excelsa Industries, Inc. is a manufacturer and exporter of...