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NCB vs CA

National Commercial Bank of Saudi Arabia, Petitioner, versus Court of Appeals and Philippine Banking Corporation, Respondents.

G.R. No. 124267 | 2004-08-18

Resolution





CARPIO MORALES, J.:



By Decision of January 31, 2003, this Court, finding no persuasive reason for the relaxation of the rules of procedure, declared the motion for reconsideration filed by private respondent Philippine Banking Corporation (PBC) before the trial court, which lacked the requisite notice of hearing, a mere scrap of paper and of no legal effect. PBC now seeks a reconsideration of the Decision.



The antecedents of the case are as follows:



Petitioner National Commercial Bank of Saudi Arabia (NCBSA) filed on December 4, 1985 a case against PBC before the Regional Trial Court (RTC) of Makati to recover "the...