Scribd Logo
Upload

Welcome to Scribd!

  • 14 views

    BSP v. Banco Filipino Savings and Mortgage Bank

    Uploaded by

    hasmabagundang1997

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    BSP v. Banco Filipino Savings and Mortgage Bank

    Uploaded by

    hasmabagundang1997
    14 views1 page

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    14 views1 page

    BSP v. Banco Filipino Savings and Mortgage Bank

    Uploaded by

    hasmabagundang1997

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    You are on page 1of 1

    CASE: BSP v.

    Banco Filipino Savings and Mortgage Bank


    FACTS
    ● Banco Filipino filed three separate civil actions against the defendants, seeking to annul the
    resolutions and orders that led to the closure and liquidation of the bank. The cases were
    consolidated and Banco Filipino filed an amended/supplemental complaint, claiming actual
    damages of at least P18.8 billion.
    ● RTC granted Banco Filipino's motion to admit the amended/supplemental complaint.
    ● Banco Filipino later sought to include the Bangko Sentral ng Pilipinas and its Monetary Board
    as additional defendants. The RTC granted this motion
    ● The Bangko Sentral ng Pilipinas and its Monetary Board filed a motion to dismiss the
    amended/supplemental complaint, arguing that the claims had been prescribed and that there
    was a lack of jurisdiction over their persons.
    ● The RTC dismissed Banco Filipino's amended/supplemental complaint with prejudice as to
    the Bangko Sentral ng Pilipinas and its Monetary Board.
    ● Banco Filipino filed a notice of appeal, which was dismissed by RTC. Banco Filipino
    then filed a petition for certiorari to CA, which ruled in favor of Banco Filipino and
    reversed the RTC's orders.
    ● The CA held that the RTC's dismissal of Banco Filipino's notice of appeal was a final order
    and therefore appealable.
    ● The Bangko Sentral ng Pilipinas and its Monetary Board filed a petition for review with the
    Supreme Court, arguing that the CA erred in its decision.
    ISSUES
    - WON no appeal may be taken from the dismissal of the second amended supplemental
    complaint, considering that the civil cases remain pending before the trial court against several
    other defendants?
    RULING
    The petition is meritorious. The CA erred in ascribing grave abuse of discretion on the part of the RTC
    when it disapproved Banco Filipino's Notice of Appeal. The filing of a Notice of Appeal was clearly an
    improper remedy to question the dismissal of an action against one of the parties while the main case
    is still pending

    You might also like

    pFad - Phonifier reborn

    Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

    Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


    Alternative Proxies:

    Alternative Proxy

    pFad Proxy

    pFad v3 Proxy

    pFad v4 Proxy