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PHILIPPINE COMMERCIAL INTERNATIONAL BANK v. CA

This case has been cited 2 times or more.

2009-08-24
CORONA, J.
Respondent filed the certificate of sale and affidavit of consolidation with the Register of Deeds of Bulacan on September 13, 2004. This terminated the redemption period granted by Section 47 of the General Banking Law. Because consolidation of title becomes a right upon the expiration of the redemption period,[23] respondent became the owner of the foreclosed properties.[24] Therefore, when petitioner opposed the ex parte motion for the issuance of the writ of possession on January 10, 2005 in the Bulacan RTC, it no longer had any legal interest in the Bulacan properties.
2001-08-10
YNARES-SANTIAGO, J.
Much ado has been made over the fact that the injunction order was issued with "deliberate speed" even before the Bitanga group filed its Comment to the Potenciano group's Petition. However, the said Comment is rather directed to the petition of the Potenciano group; it is not essential to the resolution of the prayer for injunction. The Rules of Court do not require that issues be joined before preliminary injunction may issue. Preliminary injunction may be granted at any stage of an action or proceeding prior to the judgment or final order, ordering a party or a court, agency or a person to refrain from a particular act or acts. For as long as the requisites for its issuance are present in the case, the injunctive writ was properly issued.[21]