Back

Peroxide Philippines Corp. Vs. Court Of Appeals

PEROXIDE PHILIPPINES CORPORATION, EASTMAN CHEMICAL INDUSTRIES, INC., EDMUNDO O. MAPUA and ROSE U. MAPUA, petitioners, vs. HON. COURT OF APPEALS and BANK OF THE PHILIPPINE ISLANDS, respondents. Antonio P. Barredo for petitioners. Padilla Law Office for private respondent.

G.R. No. 92813 | 1991-07-31

D E C I S I O N


REGALADO, J.:

Assailed in this petition for review on certiorari are the decision 1 of respondent Court of Appeals, promulgated on September 4, 1989 in CA-G.R. SP No. 15672, granting the petition for certiorari filed by private respondent, and its resolution 2 of March 29, 1990 denying petitioners' motion for reconsideration.

On December 6, 1982, herein private respondent Bank of the Philippine Islands (BPI) sued herein petitioners Peroxide Philippines Corporation (Peroxide), Eastman Chemical Industries, Inc. (Eastman), and the spouses Edmund O. Mapua and Rose U. Mapua (Mapuas) in Civil Case No. 48849 of the then Court...