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China Banking Corporation Vs. Sps. Harry Ciriaco and Esther Ciriaco

CHINA BANKING CORPORATION, Petitioner, vs. SPS. HARRY CIRIACO and ESTHER CIRIACO, Respondents.

G.R. No. 170038 | 2012-07-11

SECOND DIVISION

D E C I S I O N


BRION, J.:

          We resolve the petition for review on certiorari1 filed by China Banking Corporation (petitioner) to challenge the April 15, 2005 decision2 and the October 10, 2005 resolution3 of the Court of Appeals (CA) in CA-G.R. SP No. 64349. The CA decision denied the petitioner's petition for certiorari for lack of merit. The CA resolution denied the petitioner's subsequent motion for reconsideration.

FACTUAL BACKGROUND

          On March 11, 1996, Spouses Harry and Esther Ciriaco (respondents) obtained a P1,500,000.00 loan4 from the petitioner,...