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Ajax Marketing & Development Corporation vs. Court of Appeals

AJAX MARKETING & DEVELOPMENT CORPORATION, ANTONIO TAN, ELISA TAN YEE, and SPS. MARCIAL SEE and LILIAN TAN, petitioners, vs. HON. COURT OF APPEALS, METRO-POLITAN BANK AND TRUST COMPANY, and THE SHERIFF OF MANILA, respondents.

G.R. No. L-118585 | 1995-09-14

D E C I S I O N

FRANCISCO, R., J.:

In its March 30, 1994 decision, public respondent Court of Appeals affirmed the trial court's judgment upholding the validity of the extra-judicial foreclosure of the real estate property of petitioners - spouses Marcial See and Lilian Tan, located at Paco District, Manila covered by TCT 105233, by private respondent Metropolitan Bank and Trust Company (Metrobank). 1 Petitioners' motion for reconsideration was denied; hence, this petition for review on certiorari raising the following assignments of errors:

"FIRST: The Honorable Court of Appeals erred in holding that the consolidation of the...