Back

Metropolitan Bank & Trust Company vs. Spouses Edmundo and Julie Miranda

METROPOLITAN BANK & TRUST COMPANY, Petitioner, vs. SPOUSES EDMUNDO MIRANDA and JULIE MIRANDA, Respondents.

G.R. No. 187917 | 2011-01-19



SECOND DIVISION

D E C I S I O N


NACHURA, J.:


On appeal is the June 30, 2008 Decision1 of the Court of Appeals (CA) in CA-G.R. CV No. 87775, affirming the June 16, 2006 Decision2 of the Regional Trial Court (RTC) of Santiago City, Branch 35, as well as its subsequent Resolution dated May 7, 2009,3 denying petitioner’s motion for reconsideration.


Respondents, spouses Edmundo Miranda and Julie Miranda, applied for and obtained a credit accommodation from petitioner Metropolitan Bank & Trust Company (Metrobank). On August 27, 1996, respondents obtained a P4,000,000.00 loan from Metrobank and executed a real estate...