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CB vs. Banco

CENTRAL BANK BOARD OF LIQUIDATORS, PETITIONER, V. BANCO FILIPINO SAVINGS AND MORTGAGE BANK, RESPONDENT.

G.R. No. 173399 | 2017-02-21

Republic of the Philippines
Supreme Court
Manila
 
EN BANC
 
DECISION
 
SERENO, C.J.:
 
Our ruling in this case is confined to the resolution of procedural issues pertaining to the propriety of the admission of a Second Amended/Supplemental Complaint. The latter sought to hold the Bangko Sentral ng Pilipinas (BSP) and its Monetary Board (MB) liable for causes of action that arose almost 10 years after the original Complaint was filed against the now defunct Central Bank of the Philippines (CB).
 
THE CASE
 
The Petition for Review on Certiorari[1] under Rule 45 of the 1997 Revised Rules of Civil Procedure now before us...