G.R. No. 218738 - Metropolitan Bank and Trust Co. vs. Salazar Realty Corp.

Metropolitan Bank and Trust Co. vs. Salazar Realty Corp.

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Title Supreme Court: Metropolitan Bank and Trust Co. vs. Salazar Realty Corp.

Case: G.R. No. 218738

Decision Date: Mar 9, 2022

Metrobank foreclosed SARC's mortgaged properties securing Tacloban RAS's loan. SARC claimed unauthorized mortgage, ultra vires act, and defective foreclosure. Supreme Court dismissed SARC's derivative suit for non-compliance with procedural requirements.

derivative suit

special commercial court

foreclosure

Very Long 51 min

END