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Eloisa Merchandising, Inc. and Trebel International, Inc. vs. Banco De Oro Universal Bank

ELOISA MERCHANDISING, INC. and TREBEL INTERNATIONAL, INC., Petitioners, vs. BANCO DE ORO UNIVERSAL BANK and ENGRACIO M. ESCASINAS, JR., in his capacity as Ex-Officio Sheriff of the RTC of Makati City, Respondents.

G.R. No. 192716 | 2012-06-13

FIRST DIVISION
D E C I S I O N
 
VILLARAMA, JR., J.:
 
Assailed in this petition for review on certiorari under Rule 45 are the Decision[1] dated March 30, 2010 and Resolution[2] dated June 15, 2010 of the Court of Appeals (CA) in CA-G.R. CV No. 89779.  The CA affirmed the trial court’s dismissal of petitioners’ complaint on the ground of failure to prosecute.
 
On November 11, 1993, petitioner Eloisa Merchandising, Inc. (EMI) executed in favor of respondent Banco de Oro Universal Bank (BDO) a real estate mortgage (REM) over its properties located at No. 129 Neptune St., Bel-Air...