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DBP vs. Heirs of Danico

DEVELOPMENT BANK OF THE PHILIPPINES, PETITIONER, VS. HEIRS OF JULIETA L. DANICO, NAMELY, ROGELIO L. DANICO, CORAZON D. EMETERIO, NENITA D. YBAÑEZ, RODRIGO L. DANICO, DANILO L. DANICO, DANIEL L. DANICO, GLORIA ESCRUPULO, VILMA MOSQUEDA, AND NATIONAL POWER CORPORATION, RESPONDENTS.

G.R. No. 196476 | 2020-09-28

SECOND DIVISION
 
DECISION
 
HERNANDO, J.:
 
Challenged in this Petition[1] is the December 2, 2010 Decision[2] of the Court of Appeals (CA) in CA-G.R. CV No. 78619 which affirmed in toto the Regional Trial Court's (RTC) January 2, 2003 Decision[3] which: (a) declared the extrajudicial foreclosure of the property covered by Transfer Certificate of Title (TCT) No. T-8127[4] and its subsequent consolidation under TCT No. T-19241 in the name of the Development Bank of the Philippines (DBP) as valid and legal; (b) directed the DBP to accept the total amount of P301,350.50 as full payment for Julieta...