Tan vs. Cinco Et - Al, G.R. No. 213054, June 15, 2016 (Effect of Lack of Jurisdiction)
Tan vs. Cinco Et - Al, G.R. No. 213054, June 15, 2016 (Effect of Lack of Jurisdiction)
Tan vs. Cinco Et - Al, G.R. No. 213054, June 15, 2016 (Effect of Lack of Jurisdiction)
Facts:
Respondents extended a loan to one Dante Tan which was facilitated by Penta
Capital. The loan was secured by Dante’s shares in Best World Resources Corp.
(BWRC). When Dante failed to pay the loan, he proposed to settle it by selling his shares
in BWRC and assigning the process to the respondents. Dante, however, disappeared,
leaving his obligation unpaid.
Respondents files a suit in order to collect the sum of money which resulted to the
levying on Dante’s property. Despite the order of the court, Dante’s wife, herein
petitioner, filed in Paranaque RTC a nullification case regarding the auction sale and the
Deed of Sale of the subject property alleging that the property is their family home.
Paranaque RTC granted the case favoring the petitioner notwithstanding the order of
Makati RTC, a co-equal court, which decided the suit first filed by the respondents.
Issue:
Ruling: