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Situs Development Corporation, et al. Vs. Asiatrust Bank, et al.

SITUS DEVELOPMENT CORPORATION, DAILY SUPERMARKET, INC. and COLOR LITHOGRAPHIC PRESS, INC., Petitioners, vs. ASIATRUST BANK, ALLIED BANKING CORPORATION, METROPOLITAN BANK AND TRUST COMPANY, and CAMERON GRANVILLE II ASSET MANAGEMENT, INC. (CAMERON), Respondents.

G.R. No. 180036 | 2012-07-25

SECOND DIVISION

D E C I S I O N


SERENO, J.:


          The instant Rule 45 Petition assails the Decision1 and Resolution2 of the Court of Appeals (CA) in CA-G.R. CV No. 80223. The CA reversed and set aside the Adjudication3 of the Regional Trial Court (RTC), Branch 93, Quezon City (the Rehabilitation Court) in Civil Case No. Q-02-010, which had approved the Second Amended Rehabilitation Plan of petitioners Situs Development Corporation, Daily Supermarket, Inc. and Color Lithographic Press, Inc. (collectively, petitioners or petitioner corporations) over the objections of respondents Asiatrust Bank (Asiatrust), Allied...