D E C I S I O N
CORONA, J.:
Petitioners First Aqua Sugar Traders, Inc. and CBN International Corporation were the plaintiffs in Civil Case No. 99-930[2] filed in the Regional Trial Court of Makati, Branch 57.[3] Respondent Bank of the Philippine Islands was the defendant in that case.
On October 16, 2000, the trial court rendered a summary judgment dismissing the complaint.[4] Petitioners received a copy of the judgment on October 27, 2000. Hence, they had fifteen days to file a notice of appeal.[5] Instead, on November 6, 2000, or 10 days after, they opted to file a motion for reconsideration which was denied in the order dated January...
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