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Casent Realty Devt. Corp. vs. Philbanking Corp.

CASENT REALTY DEVELOPMENT CORP., Petitioner, versus PHILBANKING CORPORATION, Respondent.

G.R. No. 150731 | 2007-09-14

D E C I S I O N
 

VELASCO, JR., J.:

On appeal to this Court through Rule 45 of the Rules of Court is the March 29, 2001 Decision[1] and November 7, 2001 Resolution[2] of the Court of Appeals (CA) in CA-G.R. CV No. 63979 entitled Philbanking Corporation v. Casent Realty Development Corporation. The CA reversed the May 12, 1999 Order[3] of the Makati City Regional Trial Court (RTC), Branch 145 in Civil Case No. 93-2612, which granted petitioner's demurrer to evidence and dismissed the complaint filed by respondent.

The Facts

The facts according to the appellate court are as follows:

In 1984, petitioner Casent Realty Development...