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Ricardo L. Manalili, Et Al vs. GSIS

RICARDO L. MANALILI, plaintiff-appellant, vs. GOVERNMENT SERVICE INSURANCE SYSTEM, respondent-appellee.

G.R. No. L-15874 | 1961-09-19

D E C I S I O N 


DE LEON, J.: 

Appellant Ricardo Manalili is a World War II USAFFE veteran and as such is a holder of a backpay certificate of indebtedness issued by the Treasurer of the Philippines under Republic Act No. 304 with a remaining face value of P8,007.29 after several partial redemptions by the Government. The certificate was supposed to have been completely redeemed by the Government on June 8, 1958. 

On April 12, 1957 and again on December 16, 1957, appellant was, upon application, granted real estate loans by appellee Government Service Insurance System (hereinafter referred to as GSIS, for short) in the...