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Banco De Oro-Epci, Inc. Vs. Hon. Zenaida R. Daguna etc. & Phil. Devt. & International Corp.

BANCO DE ORO-EPCI, INC. (formerly known as EQUITABLE PCI BANK INC.*), Petitioner, versus HON. ZENAIDA R. DAGUNA, in her capacity as Presiding Judge, Regional Trial Court of Manila, Br. 19, AND PHILIPPINE DEVELOPMENT AND INDUSTRIAL CORPORATION, Respondents.

G.R. No. 178271 | 2008-10-31

D E C I S I O N


CARPIO MORALES, J.:

Assailed in the present petition for review on certiorari are two issuances of the Manila Regional Trial Court (RTC), Branch 19 in Civil Case No. 03-106886: Order of September 5, 2003[1] which denied petitioner's
motion to dismiss, and Order of June 22, 2005[2] which denied the motion for reconsideration thereof.

In 1996, PCI Bank, Inc. (PCIB) approved the credit line application of Philippine Development and Industrial Corporation (respondent) consisting of secured and clean lines to fund the latter's townhouse project in Sta. Ana, Manila. As collateral for its secured line, respondent executed a...