G.R. No. 73123 - Land Bank of the Philippines vs. Capistrano

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G.R. No. 73123: Land Bank of the Philippines vs. Capistrano

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Title Supreme Court: Land Bank of the Philippines vs. Capistrano

Case: G.R. No. 73123

Decision Date: Sep 2, 1991

Filand Manufacturing and Emilio Ching defaulted on a P10M loan from Land Bank. Amid a collection suit, they filed for insolvency, citing fire damage and economic crisis. Land Bank contested jurisdiction, arguing SEC, not RTC, had authority. SC upheld RTC's jurisdiction, ruling Insolvency Law governs insolvency, not SEC under P.D. 902-A.

voluntary insolvency

jurisdiction

loan recovery

Long 21 min

1.2x of typical case length

END