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Metropolitan Bank And Trust Company Vs. Court Of Appeals, Et Al.

METROPOLITAN BANK AND TRUST COMPANY, petitioner, vs. THE HON. COURT OF APPEALS, RURAL BANK OF PADRE GARCIA, INC. and ISABEL R. KATIGBAK, respondents.

G.R. No. 112576 | 1994-10-26

D E C I S I O N


ROMERO, J.:

This petition for certiorari seeks to annul the decision of respondent Court of Appeals dated October 29, 1992 in CA ---- GR CV No. 26571 affirming the decision of the Regional Trial Court of Lipa, Batangas ---- Branch XIII for damages, and the Resolution dated November 11, 1993 denying petitioner's motion for reconsideration of the aforesaid decision.

The case emanated from a dispute between the Rural Bank of Padre Garcia, Inc. (RBPG) and Metropolitan Bank and Trust Company (MBTC) relative to a credit memorandum dated April 5, 1982 from the Central Bank in the amount of P304,000.00 in favor of RBPG.

The...