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Rizal Commercial Banking Corp. vs Alfa Manufacturing Corp. et al

RIZAL COMMERCIAL BANKING CORPORATION, petitioner, vs. ALFA RTW MANUFACTURING CORPORATION, BA FINANCE CORPORATION, NORTH AMERICAN GARMENTS CORPORATION, JOHNNY TENG, RAMON LEE, ANTONIO LACDAO, RAMON LUY and ALFA INTEGRATED TEXTILE MILLS, respondents.

G.R. 133877 | 2001-11-14

D E C I S I O N

SANDOVAL-GUTIERREZ, J.:

Petition for review on certiorari assailing the decision of the Court of Appeals in CA-G.R. C.V. No. 42293.

On March 12, 1982, Rizal Banking Corporation (RCBC) filed with the Regional Trial Court of Makati, Branch 145, Civil Case No. 2624 for a sum of money against Alfa RTW Manufacturing Corporation, Johnny Teng, Ramon Lee, Antonio Lacdao, Ramon Luy and Alfa Integrated Textile Mills. Asserting a superior right over the property involved in the suit, North Atlantic Garments Corporation filed a complaint in intervention. BA Finance Corporation, claiming as mortgagee of the same property, filed an...