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Heirs of Timbol Jr., etc. vs. Philippine National Bank

HEIRS OF FELINO M. TIMBOL, JR., NAMELY, MICHAEL JOHN JORGE TIMBOL, FELINO JAMES JORGE TIMBOL, AND MARILOU TIMBOL, PETITIONERS, VS. PHILIPPINE NATIONAL BANK, RESPONDENT.

G.R. No. 207408 | 2016-04-18

D E C I S I O N
 
CARPIO, J.:
 
The Case

Before this Court is a petition for review[1] on certiorari under Rule 45 of the Rules of Court assailing the Decision[2] dated 26 September 2012 and Resolution[3] dated 31 May 2013 of the Court of Appeals in CA-G.R. CV No. 84649. The Court of Appeals reversed and set aside the 5 January 2005 Decision[4] of the Regional Trial Court (RTC) of Makati City, Branch 150, in Civil Case No. 00-946.
 
The Facts

Civil Case No. 00-946 stems from a Complaint[5] for annulment of real estate mortgage, foreclosure of mortgage, and auction sale; accounting and damages, with...