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Steel Corporation vs. Equitable PCI Bank (BDO Unibank)

STEEL CORPORATION OF THE PHILIPPINES, Petitioner, vs. EQUITABLE PCI BANK, INC., (now known as BDO UNIBANK, INC.),Respondent. DEG – DEUTSCHE INVESTITIONS-UND ENTWICKLUNGSGESELLSCHAFT MBH, Petitioner, vs. EQUITABLE PCI BANK, INC., (now known as BDO UNIBANK, INC.) and STEEL CORPORATION OF THE PHILIPPINES, Respondents. Present: CORONA, J., Chairperson, VELASCO, JR., LEONARDO-DE CASTRO, PERALTA,* and PEREZ, JJ.

G.R. No. 190462 /G.R. No. 190538 | 2010-11-17

Republic of the Philippines
SUPREME COURT
Manila
 
FIRST DIVISION
 
D E C I S I O N
 

VELASCO, JR., J.:
 
Before us are two Petitions for Review on Certiorari under Rule 45, docketed as G.R. Nos. 190462 and 190538, assailing the July 3, 2008 Decision[1] and December 3, 2009 Resolution[2] of the Court of Appeals (CA) in CA-G.R. SP No. 101881, entitled Equitable PCI Bank, Inc. (now known as Banco de Oro-EPCI, Inc.) v. Steel Corporation of the Philippines. The CA set aside the Decision[3] dated December 3, 2007 of the Regional Trial Court (RTC) acting as a Rehabilitation Court, and, in effect, the CA (1) set aside the Rehabilitation...