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Allied Banking Corp. vs. In The Matter Of The Petition To Have Steel Corporation of The Philippines Placed Under Corporate Rehabilitation With Prayer For The Approval of The Proposed Rehabilitation Plan, Equitable PCI Bank, Inc.

ALLIED BANKING CORPORATION, PETITIONER,[1] V. IN THE MATTER OF THE PETITION TO HAVE STEEL CORPORATION OF THE PHILIPPINES PLACED UNDER CORPORATE REHABILITATION WITH PRAYER FOR THE APPROVAL OF THE PROPOSED REHABILITATION PLAN, EQUITABLE PCI BANK, INC., RESPONDENT.

G.R. No. 191939 | 2018-03-14

D E C I S I O N
 
MARTIRES, J.:
 
This is a petition for review on certiorari under Rule 45 of the Rules of Court assailing the 22 July 2008 Decision[2]and 12 April 2010 Resolution[3] of the Court of Appeals (CA) in CA-G.R. SP No. 97206. The CA affirmed the 22 November 2006 Resolution of the Regional Trial Court (RTC or the rehabilitation court), Branch 2, Batangas City, in Spec. Proc. No. 06-7993, which ordered the bank creditors of Steel Corporation of the Philippines (SCP) to unfreeze and restore the latter's bank accounts to the possession, control, and custody of the rehabilitation receiver.
 
THE FACTS
 
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