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Metropolitan Bank vs. Fadcor

METROPOLITAN BANK AND TRUST COMPANY, PETITIONER, VS. FADCOR, INC. OR THE FLORENCIO CORPORATION, LETICIA D. FLORENCIO, RACHEL FLORENCIO-AGUSTIN, MA. MERCEDES FLORENCIO AND ROSENDO CESAR FLORENCIO, JR., RESPONDENTS.

G.R. No. 197970 | 2016-01-25

DECISION
 
PERALTA, J.:
 
This is to resolve the Petition for Review on Certiorari,[1] under Rule 45 of the Rules of Court, dated September 19, 2011 of petitioner Metropolitan Bank and Trust Company (Metrobank) that seeks to reverse the Decision[2] dated May 17, 2011 and Resolution[3] dated August 5, 2011, both of the Court of Appeals (CA) that set aside the Decision[4] dated March 8, 2006 of the Regional Trial Court (RTC), Branch 59, Makati City ordering respondents to pay petitioner P17,479,371.86 representing deficiency obligation plus 12 percent interest per annum and P50,000.00 as attorney's fees.

The facts follow.

Metrobank...