G.R. No. 173399. February 21, 2017.
FACTS
Central Bank (CB) issued a resolution placing Banco Filipino under conservatorship. Banco Filipino filed a complaint with the RTC against the CB for the annulment of MB Resolution No. 955 (Civil Case No. 8108). In 1985, CB issued another ordering the closure of Banco Filipino and placing the latter under receivership. Banco Filipino filed a Complaint with the RTC questioning the act of it placing the bank under receivership (Civil Case No. 9675). CB issued another Resolution placing Banco Filipino under liquidation. Respondent then filed another Complaint with the RTC to question the propriety of the liquidation. (Civil Case No. 10183).
The Court En Banc consolidated the cases and ordered the CB and its MB to reorganize the bank and allow Banco Filipino to resume business. In 1994, Banco Filipino filed a Motion to Admit Attached Amended/ Supplemental Complaint in the three consolidated cases. It sought to substitute the CB-BOL for the defunct CB and its MB. Respondent also aimed to recover at least P18 billion representing damages and fees against petitioner who had allegedly acted with malice and bad faith in placing the bank under conservatorship and eventually closing it down in 1985. The trial court granted the Motion to Admit filed by Banco Filipino and accordingly admitted the latter’s Amended/Supplemental Complaint.