Back

Inocencio Y. Lucasan etc. Vs. Philippine Deposit Insurance Corp etc

INOCENCIO Y. LUCASAN for himself and as the Judicial Administrator of the Intestate Estate of the late JULIANITA SORBITO LUCASAN, Petitioner, versus PHILIPPINE DEPOSIT INSURANCE CORPORATION (PDIC) as receiver and liquidator of the defunct PACIFIC BANKING CORPORATION, Respondent.

G.R. No. 176929 | 2008-07-04

DECISION


NACHURA, J.:

On appeal is the March 23, 2006 Decision[1] of the Court of Appeals (CA) in CA-G.R. CV No. 81518, affirming the July 24, 2003 Order[2] of the Regional Trial Court (RTC) of Bacolod City, Branch 43, granting respondent's motion to dismiss, as well as its subsequent Resolution[3] denying petitioner's motion for reconsideration.

The factual antecedents are as follows.

Petitioner Inocencio Y. Lucasan (Lucasan) and his wife Julianita Sorbito (now deceased) were the owners of Lot Nos. 1500-A and 229-E situated in Bacolod City, respectively covered by TCT Nos. T-68115 and T-13816.

On August 3, 1972, Pacific Banking...