G.R. No. 178899 - Philippine Business Bank vs. Chua

Philippine Business Bank vs. Chua

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Title Supreme Court: Philippine Business Bank vs. Chua

Case: G.R. No. 178899

Decision Date: Nov 15, 2010

Stockholder Tomas Tan filed a derivative suit against CST Enterprises and PBB, alleging unauthorized loans secured by CST’s properties. PBB cross-claimed against CST President Felipe Chua, who signed promissory notes. RTC held Chua liable, but SC ruled partial summary judgment was interlocutory, not final, and execution improper.

partial summary judgment

final judgment

denial of petition

Long 26 min

END