Back

Equitable PCI Bank, Inc. Vs. DNG Realty and Development Corporation

EQUITABLE PCI BANK, INC., Petitioner, versus DNG REALTY and DEVELOPMENT CORPORATION, Respondent.

G.R. No. 168672 | 2010-08-08

D E C I S I O N


PERALTA, J.:

Before us is a petition for review on certiorari with prayer for the issuance of a temporary restraining order and/or writ of preliminary injunction filed by petitioner Equitable PCI Bank, Inc., seeking to set aside the June 23, 2005 Decision[1] of the Court of Appeals (CA) in CA-G.R. SP No. 86950.

The undisputed facts, as found by the CA, are as follows:

(Respondent) DNG Realty and Development Corporation (DNG) obtained a loan of P20M from x x x Equitable PCI Bank (EPCIB) secured by a real estate mortgage over the 63,380 sq. meter land of the former situated in Cabanatuan City. Due to the Asian Economic...