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JurisprudenceG.R. No. 263887

PHILIPPINE PRIMARK PROPERTIES, INC., VS. CHINA BANKING CORPORATION TRUST AND ASSETS MANAGEMENT GROUP.

Cited Laws

RA 8791,RA 8791RA 11232
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TL;DR — Ruling

WHEREFORE , premises considered, this Court hereby resolves to: 1. DISMISS the BDO's Complaint for Interpleader due to CBC-TAMG's lack of legal capacity to be sued and for lack of cause of action; 2. DISMISS CBC-TAMG's cross-claims against BDO and Primark for lack of legal capacity to sue and for lack of cause of action; and, 3. DISMISS the respective counterclaims of the parties.

Decision

Ruling

WHEREFORE , premises considered, this Court hereby resolves to: 1. DISMISS the BDO's Complaint for Interpleader due to CBC-TAMG's lack of legal capacity to be sued and for lack of cause of action; 2. DISMISS CBC-TAMG's cross-claims against BDO and Primark for lack of legal capacity to sue and for lack of cause of action; and, 3. DISMISS the respective counterclaims of the parties. As a result of the above, CBC-TAMG's application for a Writ of Preliminary Injunction is now rendered moot. SO ORDERED.