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Negros Merchants Enterprises Inc. vs. China Banking Corp

NEGROS MERCHANTS ENTERPRISES, INC., Petitioner, versus CHINA BANKING CORPORATION, Respondent.

G.R. No. 150918 | 2007-08-17

                                         D E C I S I O N


YNARES-SANTIAGO, J.:


This Petition for Review on Certiorari[1] assails the September 7, 2001 Decision[2] of the Court of Appeals in CA-G.R. SP No. 65127, which annulled and set aside the September 22, 2000 and March 19, 2001 Orders[3] of the Regional Trial Court of Bacolod City, Branch 41 in Civil Case No. 99-10707, as well as the November 12, 2001 Resolution[4] denying the Motion for Reconsideration.

The facts of the case are as follows:

On August 23, 1993, petitioner Negros...