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Provident Savings Bank Vs. Court Of Appeals, Et Al.

PROVIDENT SAVINGS BANK, petitioner, vs. COURT OF APPEALS, Former SPECIAL EIGHTH DIVISION and WILSON CHUA, respondents.

G.R. No. 97218 | 1993-05-17

D E C I S I O N

MELO, J.:

The error, if error it be, of respondent Court of Appeals which petitioner seeks to rectify via the petition for certiorari before us refers to respondent court's major conclusion arrived at in CA-G.R. CV No. 21312 (Javellana (P), Kalalo, Dayrit, JJ) barring petitioner from foreclosing the subject realty on account of prescription. Petitioner begs to differ, insisting that the period during which it was placed under receivership by the Central Bank is akin to a caso fortuito and should not thus be reckoned against it. 

Both petitioner a private respondent accepted the synthesized factual backdrop formulated by...