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Sta. Ignacia Rural Bank vs. Court of Appeals, et al.

STA. IGNACIA RURAL BANK, INC., petitioner, vs. THE HONORABLE COURT OF APPEALS and SPS. CONRADO PABLO and JUANITA GONZALES, respondent.

G.R. No. 97872 | 1994-03-01

D E C I S I O N


MELO, J.:

Aired in the petition for certiorari before us is the propriety of sustaining the decretal portion of the decision in CA-G.R. CV No. 25653 rendered on February 1, 1991 by the Court of Appeals (Mendoza V., Chua, Victor [P], JJ.) which authorized private respondents to repurchase the subject realty from petitioner in this manner:

WHEREFORE, the decision appealed from is hereby REVERSED, and in its stead judgment is rendered as follows:

1. Annulling and cancelling the sale made by the appellee Sta. Ignacia Rural Bank, Inc. of the subject house and lots to and in favor of appellee-spouses Alberto Lucas and Nelia Rico as...