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Phil. National Bank vs. Phil. Vegetable Oil Co., Inc.

THE PHILIPPINE NATIONAL BANK, plaintiff-appellee, vs. THE PHILIPPINE VEGETABLE OIL CO., INC., defendant-appellee. PHIL. C. WHITAKER, intervenor-appellant.

G.R. No. 25400 | 1927-01-14

D E C I S I O N


MALCOLM, J.:

This appeal involves the legal right of the Philippine National Bank to obtain a judgment against the Philippine Vegetable Oil Co., Inc., for P15,812,454, and to foreclose a mortgage on the property of the Philippine Vegetable Oil Co., Inc., for P17,000,000, and the legal right of Phil. C. Whitaker as intervenor to obtain a judgment declaring the mortgage which the Philippine National Bank seeks to foreclose to be without force and effect, requiring an accounting from the Philippine National Bank of the sales of the property and assets of the Philippine Vegetable Oil Co., Inc., and ordering the Philippine...