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Palm Tree Estates, Inc., et al. Vs. Philippine National Bank

PALM TREE ESTATES, INC. and BELLE AIR GOLF AND COUNTRY CLUB, INC., Petitioners, - versus -PHILIPPINE NATIONAL BANK, Respondent.

G.R. No. 159370 | 2012-10-03

FIRST DIVISION

D E C I S I O N

LEONARDO-DE CASTRO, J.:

This is a Petition for Review on Certiorari1 of the Decision2 and Resolution3 dated March 21, 2003 and August 4, 2003, respeCtively, of the Court of Appeals in CA-G.R. SP No. 67547, which granted the Petition for Certiorari filed by respondent Philippine National Bank (PNB) and reversed and set aside the Orders dated May 17, 2001 and September 3, 2001 of the Regional Trial Court (RTC) of Lapu-Lapu City, Branch 27, in Civil Case No. 5513-L. The Order4 dated May 17, 2001 of the trial court granted the application for issuance of writ of preliminary injunction of petitioners Palm Tree...