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BANK OF PHILIPPINE ISLANDS v. TEOFILO P. ICOT

This case has been cited 2 times or more.

2015-02-18
PEREZ, J.
On 24 June 2005, the Court of Appeals rendered its Decision[38] in CA-G.R. CV No. 68061 denying petitioner's appeal. The appellate court denied petitioner's appeal and affirmed the decision in Civil Case No. 967-93, subject to the right of petitioner to deduct the amount of P2,700,000.00 from its liability as a consequence of the partial execution of the decision in Civil Case No. 967-93.[39]
2010-10-13
NACHURA, J.
A writ of possession is an order of the court commanding the sheriff to place a person in possession of a real or personal property.[21] It may be issued in an extrajudicial foreclosure of a real estate mortgage under Section 7 of Act 3135, as amended by Act 4118, either 1) within the one-year redemption period, upon the filing of a bond, or 2) after the lapse of the redemption period, without need of a bond or of a separate and independent action.[22]