September 2011 - Philippine Supreme Court Resolutions
Philippine Supreme Court Resolutions
[G.R. No. 180974 : September 05, 2011]
METROPOLITAN BANK AND TRUST COMPANY v. CENTRO DEVELOPMENT CORPORATION, CHONGKING KEHYENG, MANUEL CO KEHYENG AND QUIRINO KEHYENG
G.R. No. 180974 - (Metropolitan Bank and Trust Company v. Centro Development Corporation, Chongking Kehyeng, Manuel Co Kehyeng and Quirino Kehyeng). - The Court resolves to REQUIRE petitioner to submit the following within ten (10) days from notice:
- The Schedules or Annexes attached to all Mortgage Trust Indentures (MTI) submitted to the Court;
- All amendments to the MTIs;
- All mortgage participation certificates issued by virtue of these MTIs;
- All instruments of discharge of the obligations due, if any;
- The written direction of the majority creditor to foreclose the properties involved in the case at bar; and
- All documents relating to the extrajudicial foreclosure proceedings initiated by petitioner against the properties.
Petitioner is further required to provide the Court a computation of the outstanding obligations of the borrowers enumerated in the MTIs and an accompanying written explanation of such computation.
The Court also resolves to REQUIRE respondents to submit the Financial Statements of the corporation from 1990-1998 within ten (10) days from notice.
Reyes, J., on official leave; Mendoza, J., designated additional member per S.O. No. 1066.cralaw
Very truly yours,
(Sgd.) MA. LUISA L. LAUREA
Division Clerk of Court