Back

Town and Country Enterprises, Inc. vs. Hon. Norberto J. Quisumbing, Jr.

TOWN AND COUNTRY ENTERPRISES, INC., Petitioner, versus HONORABLE NORBERTO .J. QUISUMBING, .JR., ET. AL, Respondents. and TOWN AND COUNTRY ENTERPRISES, INC., Petitioner, versus METROPOLITAN BANK AND TRUST CO., Respondent.

G.R. No. 173610 and G.R. No. 174132 | 2012-10-01

SECOND DIVISION
D E C I S I O N 
 
PEREZ, J.: 
 
These consolidated Rule 45 Petitions for Review on Certiorari primarily assail the 30 November 2005 Decision rendered by the Fourth Division of the Court of Appeals (CA) in CA-G.R. CV No. 844641 and the 24 May 2006 Decision rendered by said Court's Sixteenth Division in CAG.R. SP No. 90311.2 
 
There is no dispute regarding the fact that petitioner Town & Country Enterprises, Inc. (TCEI) obtained loans in the aggregate sum of P12,000,000.00 from respondent Metropolitan Bank & Trust Co. (Metrobank).3 To secure the prompt payment of the loan, TCEI executed in...