Back

Bank of Commerce vs. Radio Philippines Network, Inc., Et Al. [CONCURRING OPINION, VELASCO, JR., J.]

BANK OF COMMERCE, PETITIONER, VS. RADIO PHILIPPINES NETWORK, INC., INTERCONTINENTAL BROADCASTING CORPORATION, AND BANAHAW BROADCASTING CORPORATION, THRU BOARD OF ADMINISTRATOR, AND SHERIFF BIENVENIDO S. REYES, JR., SHERIFF, REGIONAL TRIAL COURT OF QUEZON CITY, BRANCH 98, RESPONDENTS.

G.R. No. 195615 | 2014-04-21

CONCURRING OPINION


VELASCO, JR., J.:

I concur in the ponencia of our esteemed colleague Justice Roberto A. Abad.

The nascent complaint with the Quezon City Regional Trial Court was filed by private respondents Radio Philippines Network, Inc. (RPN), Intercontinental Broadcasting Corporation (IBC) and Banahaw Broadcasting Corporation (BBC) against Traders Royal Bank (TRB) and Security Bank and Trust Company, Inc. (SBTC). On February 17, 1995, the trial court rendered a Decision holding both defendants liable to the private respondents.

On appeal, the CA absolved SBTC from any liability and held TRB solely liable to private...