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Philippine Deposit Insurance Corp. (PDIC) vs. Philippine Countryside Rural Bank, Inc., et al.

PHILIPPINE DEPOSIT INSURANCE CORPORATION (PDIC), Petitioner, vs. PHILIPPINE COUNTRYSIDE RURAL BANK, INC., RURAL BANK OF CARMEN (CEBU), INC., BANK OF EAST ASIA (MINGLANILLA, CEBU), INC., and PILIPINO RURAL BANK (CEBU), INC., Respondents.

G.R. No. 176438 | 2011-01-24



SECOND DIVISION

D E C I S I O N


MENDOZA, J.:

This is a petition for review on certiorari under Rule 45 of the Rules of Court filed by the Philippine Deposit Insurance Corporation (PDIC) assailing the September 18, 2006 Decision of the Court of Appeals-Cebu (CA-Cebu), which granted the petition for injunction filed by respondents Philippine Countryside Rural Bank, Inc.(PCRBI), Rural Bank of Carmen (Cebu), Inc. (RBCI), Bank of East Asia (Minglanilla, Cebu), Inc. (BEAI), and Pilipino Rural Bank (Cebu), Inc. (PRBI), all collectively referred to as "Banks." The dispositive portion of the CA-Cebu decision reads:

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