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Tiu vs. Philippine Bank of Communications (PBCom)

HENRY CHING TIU, CHRISTOPHER HALIN GO, and GEORGE CO, Petitioners, versus PHILIPPINE BANK OF COMMUNICATIONS, Respondent.

G.R. No. 151932 | 2009-08-19

D E C I S I O N

PERALTA, J.:

This is a petition for review on certiorari, under Rule 45 of the Rules of Court, seeking to annul and set aside the Decision[1] dated September 28, 2001, rendered by the Court of Appeals (CA) in CA-G.R. SP No. 57732, dismissing the petition and affirming the assailed Orders of the Regional Trial Court (RTC) of Cagayan de Oro City, Branch 21 in Civil Case No. 99-352, dated December 14, 1999 and January 11, 2000.

The factual and procedural antecedents are as follows:

In June 1993, Asian Water Resources, Inc. (AWRI), represented by herein petitioners, applied for a real estate loan with the Philippine Bank of...