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City Mayor of Quezon City vs. Rizal Commercial Banking Corporation (RCBC)

CITY MAYOR, CITY TREASURER, CITY ASSESSOR, ALL OF QUEZON CITY, and ALVIN EMERSON S. YU, Petitioners, versus RIZAL COMMERCIAL BANKING CORPORATION, Respondent.

G.R. No. 171033 | 2010-08-03

DECISION

PERALTA, J.:

This is a petition for review on certiorari assailing the Decision[1] dated December 6, 2005, of the Regional Trial Court (RTC), National Capital Judicial Region, Branch 101, Quezon City, in SP. Civil Action Q-04-53522 for Mandamus with Prayer for Issuance of a Temporary Restraining Order and a Writ of Preliminary Injunction.

The procedural and factual antecedents are as follows:

The facts are undisputed. The spouses Roberto and Monette Naval obtained a loan from respondent Rizal Commercial Banking Corporation, secured by a real estate mortgage of properties covered by Transfer Certificate of Title (TCT) Nos. N-167986,...