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Philippine National Bank Vs. Court Of Appeals

PHILIPPINE NATIONAL BANK, petitioner, vs. THE HON. COURT OF APPEALS and AMBROSIO PADILLA, respondents. The Chief Legal Counsel for petitioner. Ambrosio Padilla, Mempin & Reyes Law Offices for private respondent.

G.R. No. 88880 | 1991-04-30

D E C I S I O N


GRIá'O-AQUINO, J.:

The Philippine National Bank (PNB) has appealed by certiorari from the decision promulgated on June 27, 1989 by the Court of Appeals in CA-G.R. CV No. 09791 entitled, "AMBROSIO PADILLA, plaintiff-appellant versus PHILIPPINE NATIONAL BANK, defendant-appellee," reversing the decision of the trial court which had dismissed the private respondent's complaint "to annul interest increases." (p. 32, Rollo.) The Court of Appeals rendered judgment:

". . . declaring the questioned increases of interest as unreasonable, excessive and arbitrary and ordering the defendant-appellee [PNB] to refund to the...