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Far East Bank & Trust Co vs CA & SMP

FAR EAST BANK AND TRUST COMPANY, petitioner, vs. COURT OF APPEALS and SMP, INC., respondents.

G.R. No. 135548 | 2000-09-29

D E C I S I O N


BELLOSILLO, J.:

FAR EAST BANK AND TRUST COMPANY filed a Complaint against Clothespak Manufacturing Phils., Inc. (hereafter CLOTHESPAK) for recovery of sums of money before the Regional Trial Court of Pasig City.[1]

On 14 March 1995 the trial court issued a Writ of Preliminary Attachment by virtue of which the Sheriff levied on the personal properties found in the premises of CLOTHESPAK. On 28 March 1995 respondent SMP, Inc. (hereafter SMP) filed an Affidavit of Third-Party Claim asserting ownership over 4,000 bags of General Purpose (GPS) polystyrene products included among the attached properties. On 6 April 1995...