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Planters Development Bank Vs. James and Anthony Ng

PLANTERS DEVELOPMENT BANK, Petitioner, versus JAMES NG and ANTHONY NG, Respondents.

G.R. No. 187556 | 2010-05-05

D E C I S I O N


CARPIO MORALES, J.,

Assailed in the present petition for review on certiorari is the January 19, 2009 Decision[1] of the Regional Trial Court of Quezon City (RTC-QC), Branch 77 in LRC Case No. Q-14305 (01) denying the motion of Planters Development Bank (petitioner) for the issuance of a writ of possession.

On various occasions in 1997, James Ng and his brother Anthony (respondents) obtained loans from petitioner amounting to Twenty Five Million Pesos (P25,000,000.00) to secure which they mortgaged two parcels of land situated in San Francisco del Monte, Quezon City and covered by Transfer Certificate of Title (TCT)...