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Cua Lai Chu, et al. Vs. Hon. Hilaro L. Laqui, et al.

CUA LAI CHU, CLARO G. CASTRO, and JUANITA CASTRO, Petitioners, versus HON. HILARIO L. LAQUI, Presiding Judge, Regional Trial Court, Branch 218, Quezon City and PHILIPPINE BANK OF COMMUNICATION, Respondents

G.R. No. 169190 | 2010-02-11

D E C I S I O N


CARPIO, J.:

The Case

This is a petition for review[1] of the 29 April 2005 and 4 August 2005 Resolutions[2] of the Court of Appeals in CA-G.R. SP No. 88963. In its 29 April 2005 Resolution, the Court of Appeals dismissed the petition for certiorari[3] of petitioner spouses Claro G. Castro and Juanita Castro and petitioner Cua Lai Chu (petitioners). In its 4 August 2005 Resolution, the Court of Appeals denied petitioners' motion for reconsideration.

The Facts

In November 1994, petitioners obtained a loan in the amount of P3,200,000 from private respondent Philippine Bank of Communication. To secure the loan,...