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Apex Bancright Holdings Inc. vs. Bangko Sentral ng Pilipinas

APEX BANCRIGHTS HOLDINGS, INC., LEAD BANCFUND HOLDINGS, INC., ASIA WIDE REFRESHMENTS CORPORATION, MEDCO ASIA INVESTMENT CORPORATION, ZEST-O CORPORATION, HARMONY BANCSHARES HOLDINGS, INC., EXCALIBUR HOLDINGS, INC., AND ALFREDO M. YAO, PETITIONERS, VS. BANGKO SENTRAL NG PILIPINAS AND PHILIPPINE DEPOSIT INSURANCE CORPORATION, RESPONDENTS.

G.R. No. 214866 | 2017-10-02

D E C I S I O N
 
PERLAS-BERNABE, J.:
 
Before the Court is a petition for review on certiorari[1] filed by petitioners Apex Bancrights Holdings, Inc., Lead Bancfund Holdings, Inc, Asia Wide Refreshments Corporation, Medco Asia Investment Corporation, Zest-O Corporation, Harmony Bancshares Holdings, Inc., Excalibur Holdings, Inc., and Alfredo M. Yao (petitioners) assailing the Decision[2] dated January 21, 2014 and the Resolution[3] dated October 10, 2014 of the Court of Appeals in CA-G.R. SP No. 129674, which affirmed Resolution No. 571 dated April 4, 2013 of the Monetary Board of respondent Bangko Sentral...