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Richardson Steel Corp vs. Union Bank of the Philippines

RICHARDSON STEEL CORPORATION, AYALA INTEGRATED STEEL MANUFACTURING, CO., INC., ASIAN FOOTWEAR AND RUBBER CORP., AND SPOUSES RICARDO O. CHENG AND ELEANOR S. CHENG, PETITIONERS, VS. UNION BANK OF THE PHILIPPINES, RESPONDENT.

G.R. No. 224235 | 2021-06-28

THIRD DIVISION
 
DECISION
 
DELOS SANTOS, J.:
 
Before the Court is a Petition for Review on Certiorari[1] under Rule 45 of the Rules of Court seeking the reversal of the Decision[2] dated June 29, 2015 and the Resolution[3] dated April 20, 2016 of the Court of Appeals (CA) in CA-G.R. CV No. 100331, which reversed and set aside the Decision[4] dated June 4, 2012 of the Regional Trial Court (RTC) of Makati City, Branch 62, in Civil Case No. 01-575.
 
The Facts

The present case originated from a Complaint[5] for Specific Performance and Damages with a Prayer for Preliminary Mandatory and Prohibitory...