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PHILIPPINE NATIONAL BANK, PETITIONER, VS. SPOUSES HIPPOCRATES AND MELANIE PIMENTEL, RESPONDENTS.

PHILIPPINE NATIONAL BANK, PETITIONER, VS. SPOUSES HIPPOCRATES AND MELANIE PIMENTEL, RESPONDENTS.

G.R. No. 187882 | 2015-08-24

THIRD DIVISION
 
D E C I S I O N
 
PERALTA, J.:
This deals with the Petition for Review on Certiorari under Rule 45 of the Rules of Court praying that the Decision[1] of the Court of Appeals (CA), promulgated on February 27, 2009, and the Resolution[2] dated May 14, 2009, denying petitioner's motion for reconsideration thereof, be reversed and set aside.

The antecedent facts are as follows:

Respondents obtained a loan from petitioner Philippine National Bank (PNB) in the amount of Seven Million Four Hundred Forty Thousand Pesos (PhP7,440,000.00). As security for the loan, respondents executed a mortgage over...