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Philippine Deposit Insurance Corporation (PDIC) vs. Bureau of Internal Revenue

PHILIPPINE DEPOSIT INSURANCE CORPORATION, PETITIONER, VS. BUREAU OF INTERNAL REVENUE, RESPONDENT.

G.R. No. 172892 | 2013-06-13

FIRST DIVISION
D E C I S I O N

LEONARDO-DE CASTRO, J.:

This is a petition for review on Certiorari[1]  of the Decision[2]  and Resolution[3]  dated December 29, 2005 and May 5, 2006, respectively, of the Court of Appeals in CA-G.R. SP No. 80816.

In Resolution No. 1056 dated October 26, 1994, the Monetary Board of the Bangko Sentral ng Pilipinas (BSP) prohibited the Rural Bank of Tuba (Benguet), Inc. (RBTI) from doing business in the Philippines, placed it under receivership in accordance with Section 30 of Republic Act No. 7653, otherwise known as the “New Central Bank Act,” and designated the Philippine Deposit Insurance...