G.R. No. 114286 - Consolidated Bank and Trust Corp. vs. Court of Appeals

Consolidated Bank and Trust Corp. vs. Court of Appeals

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Title Supreme Court: Consolidated Bank and Trust Corp. vs. Court of Appeals

Case: G.R. No. 114286

Decision Date: Apr 19, 2001

A dispute arose over a P1M transaction between CCC and Solidbank, deemed a simple loan, not a trust receipt. SC ruled CCC overpaid, invalidated floating interest, and absolved Lim of personal liability.

bank

corporation

individual

Standard 15 min

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