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JurisprudenceG.R. No. 224511 -

G.R. No. 224511 - EXCHANGE CAPITAL CORPORATION, VS. BANK OF COMMERCE AND BANCAPITAL DEVELOPMENT CORPORATION.DECISION - Supreme Court E-Library

Cited Laws

RA 8799
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TL;DR — Ruling

WHEREFORE, premises considered, the instant petition is GRANTED. Accordingly, the August 14, 2014 Order of the Regional Trial Court, Branch 149, Makati City dismissing Civil Case Nos. 01-974 & 01-855 is hereby REVERSED and SET ASIDE. As such, the court a quo is directed to REINSTATE Civil Case Nos.

Decision

Ruling

WHEREFORE, premises considered, the instant petition is GRANTED. Accordingly, the August 14, 2014 Order of the Regional Trial Court, Branch 149, Makati City dismissing Civil Case Nos. 01-974 & 01-855 is hereby REVERSED and SET ASIDE. As such, the court a quo is directed to REINSTATE Civil Case Nos. 01-974 & 01-855 in its docket and to further proceed hearing the cases and resolve the same on the merits with dispatch. No pronouncement as to costs. SO ORDERED.