This document summarizes a Supreme Court case between Komatsu Industries Philippines Inc. and Court of Appeals. It discusses that Komatsu had taken out loans secured by real estate mortgages, which were later released by one lender. However, another lender argued the mortgages still secured outstanding debts and foreclosed on the property. The Supreme Court ruled that its issuance of minute resolutions to deny a petition for review was valid and did not violate the constitutional requirement to issue written decisions, as minute resolutions are not actual decisions on a case.
This document summarizes a Supreme Court case between Komatsu Industries Philippines Inc. and Court of Appeals. It discusses that Komatsu had taken out loans secured by real estate mortgages, which were later released by one lender. However, another lender argued the mortgages still secured outstanding debts and foreclosed on the property. The Supreme Court ruled that its issuance of minute resolutions to deny a petition for review was valid and did not violate the constitutional requirement to issue written decisions, as minute resolutions are not actual decisions on a case.
This document summarizes a Supreme Court case between Komatsu Industries Philippines Inc. and Court of Appeals. It discusses that Komatsu had taken out loans secured by real estate mortgages, which were later released by one lender. However, another lender argued the mortgages still secured outstanding debts and foreclosed on the property. The Supreme Court ruled that its issuance of minute resolutions to deny a petition for review was valid and did not violate the constitutional requirement to issue written decisions, as minute resolutions are not actual decisions on a case.
NATIONAL INVESTMENT AND DEVELOPMENT CORP. (NIDC) GRANTED KOMATSU
INDUSTRIES (PHILS.), INC. (KIPI) A DIRECT LOAN OF P8,000,000 AND A P2,000,000 GUARANTEE TO SECURE PNB. AS SECURITY THEREOF, A DEED OF REAL ESTATE MORTGAGE WAS EXECUTED BY KIPI IN FAVOUR OF NIDC COVERING A PARCEL OF LAND WITH ALL ITS IMPROVEMENTS EMBRACED IN TCT NO. 469737. KIPI THEN EXECUTED AN AMENDMENT OF MORTGAGE DEED COVERING THE SAME PARCEL OF LAND REGARDING LETTERS OF CREDIT BY PNB IN FAVOUR OF KIPI WITH FOREIGN SUPPLIERS WORTH US$1,564,826. UPON FULL PAYMENT OF KIPI’S ACCOUNT WITH NIDC AND THE 2,000,000CREDIT LINE WITH PNB, NIDC EXECUTED A DEED OF RELEASE AND CANCELLATION OF MORTGAGE. BY VIRTUE OF THIS RELEASE, NIDC RETURNED THE OWNER’S COPY OF THE TCT TO KIPI AND REGISTERED THE DEED OF RELEASE WITH THE REGISTRY OF DEED. HOWEVER, PNB REQUESTED THE RETURN OF THE TCT DUE TO UNSETTLED ACCOUNTS BASED ON THE SUBSEQUENT AMENDMENT OF THE MORTGAGE. THE RETURN WAS MADE BUT AFTER A YEAR, PNB FILED FOR EXTRAJUDICIAL FORECLOSURE OF THE PROPERTY. KIPI CONTESTS THE FORECLOSURE SAYING THAT THE RELEASE BY NIDC HAD THE EFFECT OF RELEASING THE REAL ESTATE MORTGAGE. FACTS:
PETITIONER KIPI FILED A PETITION FOR REVIEW ON
CERTIORARI OF THE ADVERSE DECISION OF RESPONDENT CA. HOWEVER, IT WAS DENIED BY THIS COURT FOR FAILURE TO SUFFICIENTLY SHOW THAT RESPONDENT COURT HAD COMMITTED ANY REVERSIBLE ERROR IN ITS QUESTIONED JUDGEMENT . IN ITS SECOND MOTION FOR RECONSIDERATION, PETITIONER TRIED A DIFFERENT APPROACH BY ASSAILING THE MINUTE RESOLUTIONS ARE IN VIOLATION OF THE CONSTITUTION. ISSUE:
WHETHER OR NOT THE ISSUANCE
OF MINUTE RESOLUTIONS IS VALID UNDER SECTION 14, ARTICLE VIII OF THE CONSTITUTION. RULING: YES. “RESOLUTIONS” ARE NOT “DECISIONS” WITHIN THE ABOVE CONSTITUTIONAL REQUIREMENTS; THEY MERELY HOLD THAT THE PETITION FOR REVIEW SHOULD NOT BE ENTERTAINED. AND THE PETITION TO REVIEW THE DECISION OF THE COURT OF APPEALS IS NOT A MATTER OF RIGHT BUT OF SOUND JUDICIAL DISCRETION, HENCE THERE IS NO NEED TO FULLY EXPLAIN THE COURT’S DENIAL SINCE, FOR ONE THING, THE FACTS AND THE LAW ARE ALREADY MENTIONED IN THE COURT OF APPEALS’ DECISION. THE CONSTITUTIONAL MANDATE IS APPLICABLE ONLY IN CASES “SUBMITTED FOR DECISION,” , GIVEN DUE COURSE AND AFTER THE FILING OF BRIEFS OR MEMORANDA AND OTHER PLEADINGS, BUT NOT WHERE THE PETITION IS REFUSED DUE COURSE, WITH THE RESOLUTION THEREFORE STATING THE LEGAL BASIS THEREOF. WHEN THE SUPREME COURT, AFTER DELIBERATING ON A PETITION AND SUBSEQUENT PLEADINGS, DECIDES TO DENY DUE COURSE TO THE PETITION AND STATES THAT THE QUESTIONS RAISED ARE FACTUAL OR THERE IS NO REVERSIBLE ERROR IN THE RESPONDENT COURT’S DECISION BECAUSE THERE IS SUFFICIENT COMPLIANCE WITH THE CONSTITUTIONAL REQUIREMENT.
Ina Frankel Abramson, Irving Hellman and Beatrice Hellman v. Pennwood Investment Corp., and Edward Nathan, Intervenor-Appellant, 392 F.2d 759, 2d Cir. (1968)