Back

La Campana Food Products, Inc. vs PCI Bank

LA CAMPANA FOOD PRODUCTS, INC., petitioner-appellant, vs. PHILIPPINE COMMERCIAL AND INDUSTRIAL BANK, and L.F. VILLASE?OR, in his capacity as City Sheriff of Quezon City, respondents-appellees.

G.R. No. L-46405 | 1986-06-30

D E C I S I O N


FERIA, J:

This is an appeal to the then Court of Appeals (now Intermediate Appellate Court) from the judgment of the Court of First Instance of Rizal, dismissing the petition for certiorari, mandamus and prohibition with preliminary injunction, which was certified to this Court, involving as it does pure questions of law.

The factual antecedents of the case as summarized by the then Court of Appeals are as follows:

"Petitioner had a credit line with respondent Philippine Commercial and Industrial Bank (hereinafter referred to as PCIB) secured by two real estate mortgages executed on March 23, 1960 and August 25, 1961....