G.R. No. 171132. August 15, 2012

FINANCIAL REHABILITATION AND INSOLVENCY ACT OF 2010

FACTS

ARCAM & Company, Inc.  obtained a loan by respondent Philippine National Bank (PNB).To secure the loan, ARCAM executed a eal Estate Mortgage and a Chattel Mortgage. However, ARCAM defaulted on its obligations to PNB. Thus, PNB initiated extrajudicial foreclosure proceedings of the Real Estate Mortgage and Chattel Mortgage.

G.R. No. 209544. November 22, 2017.

MAIN TOPIC – Real Estate Mortgage

FACTS

Petitioners claimed that on March 28, 1983, they became registered owners in fee simple of a parcel of land in Makati City by TCT No. 120427. They averred that before they left for the United States, they entrusted the duplicate of the TCT of the subject property to their niece, defendant Rodora Jimenez (Rodora) so that she may offer it to interested buyers. 

G.R. No. 131679. February 1, 2000.

MAIN TOPIC – Real Security

FACTS

Rodolfo Guansing obtained a loan in the amount of P90,000.00 from Cavite Development Bank, to secure which he mortgaged a parcel of land situated in Quezon City and covered by TCT No. 300809 registered in his name. As Guansing defaulted in the payment of his loan, CDB foreclosed the mortgage. Guansing failed to redeem, and the mortgaged property was sold to CDB as the highest bidder. TCT No. 300809 in the name of Guansing was cancelled and, in lieu thereof, TCT No. 355588 was issued in the name of CDB.

G.R. No. 103073. March 13, 2001.

MAIN TOPIC – Credit Card

FACTS

• This case is a motion for reconsideration of the decision, dated 14 September 1999, of the Court.
• See earlier case: Endelo Manufacturing Corporation (Endelo) is a domestic corporation engaged in the manufacture of embroidery and apparel articles for export using imported raw materials. To release said materials from the customs warehouse, Endelo secured embroidery re-export bonds from the Communications Insurance Company, Inc. (CICI), and R & B Surety Company and Insurance Co., Inc. (R & B Surety). However, Endelo’s license to operate was subsequently suspended by the Embroidery and Apparel Control and Inspection Board on the ground of alleged pilferage of the imported materials. The suspension of its license resulted in its failure to re-export the imported materials or the finished goods.As a consequence, the Commissioner of Customs filed a case against  Endelo, CICI and R & B Surety, for the payment of the customs duties and taxes due to the Bureau of Customs.