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Anchor Savings Bank (now Equicom Savings Bank) Vs. Pinzman Realty and Development Corporation, et al.

ANCHOR SAVINGS BANK (now Equicom Savings Bank), Petitioner, vs. PINZMAN REAL TY AND DEVELOPMENT CORPORATION, MARYLIN MANALAC AND RENATO GONZALES, Respondents.

G.R. No. 192304 | 2014-08-13

FIRST DIVISION
 
 
DECISION

VILLARAMA, JR., J.:
 
Before us is a petition for review on certiorari assailing the Decision 1 dated September 11, 2009 and Resolution2 dated May 1 7, 2010 of the Court of Appeals (CA) in CA-G.R. CV No. 89420. The CA had reversed and set aside the Decision3 dated March 16, 2007 of the Regional Trial Court (RTC), Branch 147 ofMakati City, in Civil Case No. 00-1094.

The facts, as culled from the records, follow:

Sometime in December 1997, the private respondents obtained a loan from the petitioner in the amount of P3,000,000 secured by a real estate mortgage over parcels of...