Back

SIMEON C. MEDALLA, GREGORIO VENTURANZA, JOSE P. JUANILLO, RAMON P. MIRANDA, ENRIQUE H.R. ABILA, PEDRO ACIERTO, SILVINO AGUDO, SANTIAGO FERNANDEZ, JUAN P. ROSETE, MAXIMO G. AQUINO, GREGORIO C. DARROLES, ISMAEL T. ESPIRITU, ERNESTO Y. GUEVARRA, MARIANO F. INFANTE, VENERANDO E. MANZO, VICENTE G. VILLADOLID, GUILLERMO A. CRUZ, JORGE MARIANO, PASCUAL SARMIENTO, RAMON P. MENDOZA, PEDRO GABRIEL, ANTONIO A. LIM, MIGUEL T. MARCOS, TOMAS T. NUFABLE, MARIANO ORTIZ, DOMINGO C. OCTAVO, MANUEL R. RAMOS, LEONCIO MANALO, DAYAN S. MAMACO, CORNELIO D. CAUNAR, MAURO DE LA CRUZ, FIDEL T. VIZMANOS, FELIPE L. VICENCIO, DAMIAN S. VITO CRUZ, JUAN LOMBREDAS, MARINA BAUTISTA, SEGUNDO M. ROSALES, CECLONDO CIEGO, CECILIO MIRANDA, FERNANDO APOSTOL, ANICETO R. NARCA, CARLOS B. LASMARIAS, RICARTE G. REYES, P.D. DELLOSON, LORETO BANTONIO, ERNESTO D. LLAGUNO, CONSTANCIO SEBASTIAN, ELEUTERIO R. VALENZUELA, ISIDRO A. BATHAN, LEON G. NOLLIDO, in representation of the remainder of the 510,000 veterans or their heirs, as d

SIMEON C. MEDALLA, GREGORIO VENTURANZA, JOSE P. JUANILLO, RAMON P. MIRANDA, ENRIQUE H.R. ABILA, PEDRO ACIERTO, SILVINO AGUDO, SANTIAGO FERNANDEZ, JUAN P. ROSETE, MAXIMO G. AQUINO, GREGORIO C. DARROLES, ISMAEL T. ESPIRITU, ERNESTO Y. GUEVARRA, MARIANO F. INFANTE, VENERANDO E. MANZO, VICENTE G. VILLADOLID, GUILLERMO A. CRUZ, JORGE MARIANO, PASCUAL SARMIENTO, RAMON P. MENDOZA, PEDRO GABRIEL, ANTONIO A. LIM, MIGUEL T. MARCOS, TOMAS T. NUFABLE, MARIANO ORTIZ, DOMINGO C. OCTAVO, MANUEL R. RAMOS, LEONCIO MANALO, DAYAN S. MAMACO, CORNELIO D. CAUNAR, MAURO DE LA CRUZ, FIDEL T. VIZMANOS, FELIPE L. VICENCIO, DAMIAN S. VITO CRUZ, JUAN LOMBREDAS, MARINA BAUTISTA, SEGUNDO M. ROSALES, CECLONDO CIEGO, CECILIO MIRANDA, FERNANDO APOSTOL, ANICETO R. NARCA, CARLOS B. LASMARIAS, RICARTE G. REYES, P.D. DELLOSON, LORETO BANTONIO, ERNESTO D. LLAGUNO, CONSTANCIO SEBASTIAN, ELEUTERIO R. VALENZUELA, ISIDRO A. BATHAN, LEON G. NOLLIDO, in representation of the remainder of the 510,000 veterans or their heirs, as defined in R.A. 3518, and the PHILIPPINE VETERANS BANK, petitioners, vs. CENTRAL BANK OF THE PHILIPPINES, LIQUIDATOR OF THE PHILIPPINE VETERANS BANK, THE LIQUIDATION COURT (RTC, BRANCH 39, MANILA), SECRETARY OF THE BUDGET and THE NATIONAL TREASURER, respondents.

G.R. No. 67125 | 1990-08-24

CRUZ, J.:

The Philippine Veterans Bank was created in 1963 with the hope that it would ensure the economic future and perhaps even prosperity of the hundreds of thousands of war veterans who were to be its stockholders. For a while the vision grew, but in time it dimmed and finally faded as the Bank found itself enmeshed in financial difficulties that threatened its very survival. Now the dream is in tatters. Efforts are at present being taken to piece together its severed sinews but it is doubtful if the Bank will ever be whole again.

I

The trouble began when on April 10, 1983, the Bank was placed under receivership by virtue of Resolution...