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Abrogar vs. Land Bank of the Philippines

Spouses Agerico Abrogar and Carmelita Abrogar vs. Land Bank of the Philippines Present: PERLAS-BERNABE, S.A.J., Chairperson, REYES, A., JR.,* HERNANDO,** INTING, and DELOS SANTOS, JJ.

G.R. No. 221046 | 2020-01-22

Republic of the Philippines
Supreme Court
Manila
 
SECOND DIVISION
 
RESOLUTION
 
INTING, J.:
 
The Court resolves the Petition for Review on Certiorari1 under Rule 45 of the Rules of Court assailing the Resolutions dated June 23, 20142 and October 22, 20153 of the Court of Appeals (CA) in CA-GR. SP No.134435.
 
The Antecedents
 
On October 14, 1996, Spouses Agerico and Carmelita Abrogar (petitioners) obtained a loan amounting to P11,250,000.00 from respondent Land Bank of the Philippines (Land Bank). The loan was secured by a real estate and chattel Mortgage4 executed by petitioners in Land Bank’s favor.5
 
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