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Balayan Bay Rural Bank etc. vs. National

BALAYAN BAY RURAL BANK, INC., REPRESENTED BY ITS STATUTORY LIQUIDATOR, THE PHILIPPINE DEPOSIT INSURANCE CORPORATION, PETITIONER, VS. NATIONAL LIVELIHOOD DEVELOPMENT CORPORATION, RESPONDENT.

G.R. No. 194589 | 2015-09-21

D E C I S I O N
 
PEREZ, J.:
 
This is a Petition for Review on Certiorari[1] filed by petitioner Balayan Bay Rural Bank (Batangas), Inc. (petitioner bank), seeking to reverse and set aside the 11 June 2010 Order[2] of the Regional Trial Court (RTC) of Makati City, Branch 147. In its assailed Order, the RTC granted the Motion for Substitution of parties filed by respondent National Livelihood Development Corporation (NLDC) and ordered that the Philippine Deposit Insurance Corporation (PDIC) be substituted or joined as co-defendant in Civil Case No. 09-917. The dispositive portion of the assailed RTC Order reads:
 
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