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Situs Development Corporation, et al. vs. Asia Trust Bank (Resolution)

SITUS DEV. CORPORATION, DAILY SUPERMARKET, INC. and COLOR LITHOGRAPH 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 | 2013-01-16

SPECIAL SECOND DIVISION

R E S O L U T I O N

SERENO, CJ.:

For resolution is the Motion for Reconsideration1 of our 25 July 2012 Decision2 in the case involving petitioners herein, Situs Development Corporation, Daily Supermarket, Inc. and Color Lithographic Press, Inc.

Most of the arguments raised by petitioners are too insubstantial to merit our consideration or are merely rehashed from their previous pleadings and have already been passed upon by this Court. However, certain issues merit a brief discussion, to wit:

1. That the properties belonging to petitioner corporations' majority stockholders may be included in the rehabilitation plan...