G.R. No. 188768 - TML Gasket Industries, Inc. vs. BPI Family Savings Bank, Inc.

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G.R. No. 188768: TML Gasket Industries, Inc. vs. BPI Family Savings Bank, Inc.

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Title Supreme Court: TML Gasket Industries, Inc. vs. BPI Family Savings Bank, Inc.

Case: G.R. No. 188768

Decision Date: Jan 7, 2013

TML defaulted on a P85M loan secured by mortgaged properties. BPI foreclosed after TML failed to pay. TML sought injunction, claiming unilateral interest rate hikes and unliquidated debt. Courts ruled foreclosure justified, denying injunction as TML admitted default and lacked clear legal right.

foreclosure

interest rate

illegal foreclosure

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