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BENJAMIN E. RAVAGO, PETITIONER, VS. METROPOLITAN BANK & TRUST COMPANY, SUBSTITUTED BY BRIGHT VENTURES REALTY, INC., RESPONDENTS.

BENJAMIN E. RAVAGO, PETITIONER, VS. METROPOLITAN BANK & TRUST COMPANY, SUBSTITUTED BY BRIGHT VENTURES REALTY, INC., RESPONDENTS.

G.R. No. 188739 | 2015-08-05

THIRD DIVISION
 
D E C I S I O N
 
PERALTA, J.:
 
Challenged in the instant petition for review on certiorari are the Decision[1]  of the Court of Appeals (CA), dated February 17, 2009, and its Resolution[2] dated July 8, 2009 in CA-G.R. CV No. 88410.

The facts of the case are as follows:

Several times between October and December 1997, petitioner and his wife obtained loans from respondent bank the total of which amounted to P25,000,000.00.[3] The loans were secured by a real estate mortgage over a 1,506-square-meter lot with improvements owned by petitioner and his wife which is located in San Juan, Metro...