Back

Philippine Deposit Insurance Corporation (PDIC) vs. Citibank, N.A. and Bank of America, S.T. & N.A.

PHILIPPINE DEPOSIT INSURANCE CORPORATION, Petitioner,vs.CITIBANK, N.A. and BANK OF AMERICA, S.T. & N.A., Respondents.

G.R. No. 170290 | 2012-04-11

THIRD DIVISION
D E C I S I O N
 
 
MENDOZA, J.:
 
This is a petition for review under Rule 45 of the 1997 Revised Rules of Civil Procedure, assailing the October 27, 2005 Decision[1] of the Court of Appeals (CA) in CA-G.R. CV No. 61316, entitled “Citibank, N.A. and Bank of America, S.T. & N.A. v. Philippine Deposit Insurance Corporation.
 
 
The Facts
 
Petitioner Philippine Deposit Insurance Corporation (PDIC) is a government instrumentality created by virtue of Republic Act (R.A.) No. 3591, as amended by R.A. No. 9302.[2]
 
Respondent Citibank, N.A. ...