Title
Philippine Commercial and Industrial Bank vs. Escolin
Case
G.R. No. L-27860
Decision Date
Sep 30, 1975
A protracted 18-year estate settlement involving substantial properties, unresolved taxes, and issues of renvoi and renunciation, requiring expedited resolution to meet legal deadlines.

Case Summary (G.R. No. L-27860)

Background of Motions

The resolution addresses motions for reconsideration filed by the Petitioner, Philippine Commercial and Industrial Bank, and supplemental motions for reconsideration by the heirs of Charles Newton Hodges following the Court’s previous decision. The Court has determined that the motions do not present new arguments sufficiently compelling to warrant a change in its earlier ruling and, therefore, unanimously denies the motions for reconsideration and modification.

Court's Resolution on Damages and Procedural Directions

The Court addresses Avelina Magno’s motion for the assessment of damages sustained due to a preliminary injunction, which was lifted in a prior resolution. The Court allows the trial court to conduct this assessment, noting an appeal will be possible if necessary. Given the considerable value of the estates involved and the protracted judicial settlement process, the Court encourages all parties to expedite the finalization of the estate inventories. Additionally, it emphasizes the importance of settling remaining disputes extrajudicially to avoid further complications.

Mandate for Expediency in Estate Settlement

Recognizing the delays in settling the estates and the need for the properties to be disposed of favorably to Filipino individuals before May 27, 1976, the Court instructs the trial court to expedite the processing of the estate settlements. The Court mandates that the parties submit the inventories within thirty days and resolve remaining issues and taxes due within three months from receipt of the order. Further, the Court directs the judge to report back on the progress of these matters periodically.

Concurrence and Separate Opinions

The resolution is met with various concurring opinions, particularly from Justice Teehankee, who supports the denial of the motions for reconsideration and highlights the necessity of concluding these lengthy proceedings, which have lasted for over 18 years since Linnie Jane Hodges' death. The separate opinion emphasizes the urgency in resolving outstanding issues to avoid additional delays and stresses the need for the trial court to consider preferential resolution of critical matters related

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