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Casiño vs. Development Bank of the Philippines

HEIRS OF AURIO T. CASIÑO, SR., NAMELY, PATRICIA T. CASIÑO, ESTHER C. MOSQUEDA, EVANGELINE C. RIVERA, GLORY C. MAG-ABO, AURIO T. CASIÑO, JR., MARITES C. RAMOS, ALLAN T. CASIÑO, GENESON T. CASIÑO, AND ALBERT T. CASIÑO, PETITIONERS, VS. DEVELOPMENT BANK OF THE PHILIPPINES, MALAYBALAY BRANCH, BUKIDNON AND GREEN RIVER GOLD, INC., REPRESENTED BY URIEL G. BORJA, RESPONDENTS.

G.R. Nos. 204052-53 | 2020-03-11

DECISION
 
HERNANDO, J.:
 
This Petition for Review on Certiorari under Rule 45 of the Rules of Court seeks to set aside the February 16, 2012 Decision[1] and October 11, 2012 Resolution[2] of the Court of Appeals (CA) in CA-G.R. CV No. 01367-MIN & CA-G.R. SP No. 01949-MlN.

The facts of the case as summarized by the CA are as follows:
 
On December 28, 1975, spouses Baldomero and Leonarda Casiño (Spouses Casiño) obtained a loan from [the Development Bank of the Philippines (DBP)] in the amount of [One Hundred Thirty Thousand Pesos] (P130,000.00), secured by a real estate mortgage over three...