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Phil. Bank Of Comm. Vs. CA, et al.

PHILIPPINE BANK OF COMMUNICATIONS, petitioner, vs. THE COURT OF APPEALS and OLYMPIA FERNANDEZ-PUEN, respondents.

G.R. No. 109803 | 1998-04-20

D E C I S I O N

PUNO, J:

The present case arose from a complaint for "Nullification of Real Estate Mortgage" 1 filed by private respondent Olympia Fernandez-Puen against her estranged husband, Chee Puen, and petitioner Philippine Bank of Communications before the Regional Trial Court of Pasig.

Private respondent is the president and majority stockholder of Global, Inc. a 100% Filipino corporation engaged in selling pharmaceutical products, hospital equipment and supplies. Her husband, Chee Puen, used to be its General Manager. They have been living separately from each other prior to the present controversy. She resides in Timog Avenue,...