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Consolidated Bank And Trust Corporation, Et Al. Vs. Court Of Appeals, Et Al.

THE CONSOLIDATED BANK AND TRUST CORPORATION (SOLIDBANK), PACIFIC BANKING CORPORATION, CHINA BANKING CORPORATION, PHILIPPINE BANKING CORPORATION, PHILIPPINE BANK OF COMMUNICATIONS, SECURITY BANK AND TRUST CORPORATION, ALLIED BANKING CORPORATION, EQUITABLE BANKING CORPORATION, FAR EAST BANK AND TRUST COMPANY, AND TRADERS ROYAL BANK, petitioners, vs. HONORABLE COURT OF APPEALS, HON. JOB B. MADAYAG, DEPUTY SHERIFF RUBEN S. NEQUINTO, AND STATE INVESTMENT HOUSE, INC., (SIHI), respondents.

G.R. No. 78771 | 1991-01-23

D E C I S I O N


GUTIERREZ, JR., J.:

Before the Court are consolidated petitions docketed as G.R. Nos. 78771, 78891 and 80063. The subject matter of these cases involves properties which were levied upon for the satisfaction of a money judgment rendered against Consolidated Mines, Inc. in Civil Case No. 1421.
The pertinent facts as gleaned from the appended decisions are as follows:

On October 27, 1981, private respondent State Investment House, Inc. (hereinafter referred to as SIHI) filed a complaint for a sum of money against Consolidated Mines, Inc. (hereinafter referred to as CMI) and Felipe Ollada in the then Court of First...