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Allied Banking vs. Spouses Madriaga

ALLIED BANKING CORPORATION, PETITIONER, VS. SPOUSES RODOLFO AND GLORIA MADRIAGA, RESPONDENTS.

G.R. No. 196670 | 2016-10-12

Republic of the Philippines
Supreme Court
Manila
 
 
THIRD DIVISION
 
 
D E C I S I O N
 
PEREZ, J.:
 
This petition for review challenges the reinstatement and remand of Civil Case No. 2059 to the Regional Trial Court (RTC) of Bangued, Abra, Branch 2 by the Court of Appeals in its Decision[1] dated 19 October 2010 in CA-G.R. CV No. 83413. The RTC had earlier dismissed the case for respondents' failure to prosecute.

The factual background is as follows:

Respondent Spouses Rodolfo and Gloria Madriaga obtained a P750,000.00 loan from Allied Bank (the Bank) secured by a real estate mortgage on their property. Respondents...