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BPI vs. Sarabia Manor Hotel Corporation

BANK OF THE PHILIPPINE ISLANDS, PETITIONER, VS. SARABIA MANOR HOTEL CORPORATION, RESPONDENT.

G.R. No. 175844 | 2013-07-29

SECOND DIVISION


D E C I S I O N

PERLAS-BERNABE, J.:

Before the Court is a petition for review on certiorari[1] assailing the Decision[2] dated April 24, 2006 and Resolution[3] dated December 6, 2006 of the Court of Appeals, Cebu City (CA) in CA-G.R. CV. No. 81596 which affirmed with modification the rehabilitation plan of respondent Sarabia Manor Hotel Corporation (Sarabia) as approved by the Regional Trial Court of Iloilo City, Branch 39 (RTC) through its Order[4] dated August 7, 2003.

The Facts

Sarabia is a corporation duly organized and existing under Philippine laws, with principal place of business at 101 General Luna Street, Iloilo...