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Metropolitan Bank and Trust Company (Metrobank) vs. International Exchange Bank

METROPOLITAN BANK and TRUST COMPANY, substituted by MERIDIAN (SPV-AMCI) CORPORATION, Petitioner, vs. INTERNATIONAL EXCHANGE BANK, Respondent. CHUAYUCO STEEL MANUFACTURING, Petitioner, vs. INTERNATIONAL EXCHANGE BANK (now UNION BANK OF THE PHILIPPINES), Respondent.

G.R. No. 176008 and G.R. No. 176131 | 2011-08-10

THIRD DIVISION
D E C I S I O N
 
PERALTA, J.:
 
Before the Court are two consolidated petitions for review on certiorari under Rule 45 of the Rules of Court, both of which are seeking the reversal and setting aside of the Decision1 and Resolution2 of the Court of Appeals (CA) dated May 5, 2006 and December 22, 2006, respectively, in CA-G.R. SP No. 00549-MIN which annulled and set aside the Orders dated September 6, 2004 and February 14, 2005, the Resolution dated March 15, 2005 and the Joint Resolution dated June 8, 2005 of the Regional Trial Court (RTC) of Misamis Oriental, Branch 17 in Civil Case Nos. 2004-197 and 2004-200.
 
The...