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Sps. Weltchie Raymund and Emily Raymundo Vs. Land Bank of the Philippines., substituted by Asset Asia Pacific (SPV-AMC) 2, Inc.

SPOUSES WELTCHIE RAYMUNDO and EMILY RAYMUNDO, Petitioners VS. LAND BANK OF THE PHILIPPINES, substituted by PHILIPPINE DISTRESSED ASSET ASIA PACIFIC [SPV-AMC] 2, INC., Respondents.

G.R. No. 195317 | 2013-04-03


FIRST DIVISION

RESOLUTION

REYES, J.:

The instant petition1 was filed by Spouses Weltchie Raymundo and Emily Raymundo (petitioners) questioning the Decision2 dated September 16, 2009 of the Court of Appeals (CA) in CA-G.R. SP No. 79945 which  upheld the Order3 dated May 9, 2003 of the Regional Trial Court (RTC) of Kalibo, Aklan, Branch 7, in Civil Case No. 5613, denying the petitioners' Motion for Leave to File Amended and Supplemental Complaint and for Admission of the Same4 and the Order5 dated July 18, 2003 denying the motion for reconsideration thereof. 

The antecedents are as follows:

Sometime in 1996, the petitioners availed of...