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Philippine Trust Company (Philtrust Bank) vs. Gabinete

PHILIPPINE TRUST COMPANY (ALSO KNOWN AS PHILTRUST BANK), PETITIONER, V. REDENTOR R. GABINETE, SHANGRILA REALTY CORPORATION AND ELISA T. TAN,

G.R. No. 216120 | 2017-03-29

DECISION
 
PERALTA, J.:
 
This is to resolve the Petition for Review on Certiorari under Rule 45 of the Rules of Court dated February 17, 2015 of petitioner Philippine Trust Company (a.k.a. Philtrust Bank) that seeks to reverse and set aside the Decision[1]dated March 25, 2014 of the Court of Appeals (CA) in CA-G.R. CV No. 96009, which reversed the Decision[2] dated April 20, 2010 of the Regional Trial Court, Branch 33, Manila in a case for collection of sum of money filed by petitioner against respondents.
 
The facts follow.
 
Petitioner Philtrust, a domestic commercial banking corporation duly organized and...