[ G.R. No. L-1944, September 20, 1950 ]
PHILIPPINE NATIONAL BANK, PLAINTIFF AND APPELLANT, VS. JOHN RANDRUP, VICENTE TOMAS AND PEDRO AGOY, DEFENDANTS AND APPELLEES.
D E C I S I O N
PARAS, J.:
Although proper step for the plaintiff to have taken was to institute an action for the revival of the judgment of October 31, 1941, the error may be considered as non-prejudicial, especially when account is taken of the fact that the defendants had never objected to the procedure prusued by the plaintiff and the lower court.
The appeal is without merit, it appearing that the debt moratorium is general in scope and does not make any discrimination in favor of the plaintiff bank. We cannot subscribe to the arguement that Commonwealth Act No. 672, passed on July 19, 1945, had the effect of repealling the Moratorium Order in so far as the plaintiff bank is concerned, because the principal purpose of said Act was merely to allow the plaintiff bank to resume business with the view to its rehabilitation, and this purpose may obviously be accomplished in spite of the debt moratorium.
While the order suspending execution of the judgment of October 31, 1941, is correct, attention must be called to Republic Act No. 342 lifting the debt moratorium as regards prewar obligations subject to certain conditions.
The appealed order is therefore affirmed without costs. So ordered.
Moran, C. J., Ozaeta, Pablo, Bengzon, Montemayor, and Reyes, JJ., concur.