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PHILIPPINE VETERANS BANK vs. INTERMEDIATE APPELLATE COURT(now Court of App!"s#$ Hon. AN%EL DA&UI%AN$ Dput' Sr)* OSCAR

%UASCH !n+ EMILIANA DOBLON(178 SCRA 645)

,ACTS- Emiliano Doblon fled an action against petitioner !ilippine "eterans#an$ %or re%ormation o% instr&ment and damages' n t!e said case t!e co&rtr&led in !er %a*o&r a+arding !er among ot!ers act&al damages' etitioner fledia notice o% appeal !o+e*er it +as denied' ,!erea%ter t!e co&rt ordered t!eiss&ance o% t!e +rit o% e-ec&tion %or t!e en%orcement o% t!e s&mmar. /&dgment'Aggrie*ed t!e petitioner fled +it! t!e t!en ntermediate Appellate Co&rt (AC)no+ Co&rt o% Appeals (CA) a petition %or certiorari pro!ibition and to set asidet!e orders o% t!e trial /&dge' ,!e CA dismissed t!e petition %or lac$ o% merit' ,!ecase +as t!erea%ter ele*ated to t!e S&preme Co&rt b&t li$e+ise denied'

0ean+!ile t!e 0onetar. #oard o% t!e Central #an$ iss&ed 0'#' Resol&tion o'264 placing !ilippine "eterans #an$ &nder recei*ers!ip' Emiliana Doblon fledan e-3parte motion %or alias +rit o% e-ec&tion +!ic! +as opposed b. t!epetitioner ban$ on t!e gro&nd t!at t!e latter is &nder recei*ers!ip and t!at allclaims against it cannot be en%orced &ntil a%ter li&idation' n t!e same date t!erespondent /&dge granted t!e said motion %or t!e +rit o% e-ec&tion' ,!e dep&t.

S!eri proceeded to cond&ct t!e sales at p&blic a&ction despite t!e %act t!at t!e0onetar. #oard ordered %or t!e li&idation o% t!e !ilippine "eterans ban$p&rs&ant to t!e co&rt order' ence t!is etition'

etitioner contends t!at t!e fnal /&dgment in t!e ci*il case fled b. EmilianaDoblon m&st be satisfed in t!e li&idation proceedings considering t!at t!eassets o% petitioner are alread. in c&stodia legis o% t!e li&idator'

ISSUE- !et!er t!e /&dgment o% t!e co&rt+!ic! a+arded damages to pri*aterespondent Emiliana Doblon can be legall. en%orced against petitioner b.e-ec&tion a%ter petitioner !as been placed &nder li&idation b. t!e 0onetar.#oard o% t!e Central #an$'

HELD-

1) ,!e r&le t!at once a decision !as become fnal and e-ec&tor. it is t!eministerial d&t. o% t!e co&rt to order its e-ec&tion admits o% certaine-ceptions as in cases o% special and e-ceptional nat&re +!ere it becomesimperati*e in t!e !ig!er interest o% /&stice to direct t!e s&spension o% itse-ec&tion9 or +!ene*er it is necessar. to accomplis! t!e aims o% /&stice9 or+!en certain %acts and circ&mstances transpired a%ter t!e /&dgment becamefnal +!ic! +o&ld render t!e e-ec&tion o% t!e /&dgment &n/&st

:) n t!e instant case t!ere is no do&bt t!at t!e decision o% t!e trial co&rt !asbecome fnal and e-ec&tor' t is signifcant to note !o+e*er t!at respondent/&dge iss&ed a +rit o% e-ec&tion on 0a. 15 1;85 to en%orce t!e /&dgmentagainst petitioner a%ter t!e petitioner !ilippine "eterans #an$ !as alread.been placed &nder recei*ers!ip b. t!e 0onetar. #oard o% t!e Central #an$

on April :5 1;85 p&rs&ant to Section :; o% t!e Central #an$ Act oninsol*enc. o% ban$s' ,!e %act t!at petitioner +as placed &nder recei*ers!ip isa s&per*ening e*ent t!at renders a /&dgment not+it!standing its fnalit.&nen%orceable b. attac!ment or e-ec&tion'

2) Section :; o% t!e Central #an$&ne 7 1;85 ordered t!e li&idation o% t!e ban$

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petitioner cond&cted b. respondent s!eri on >&l. 8 and ; 1;85 +!ile it is int!e process o% li&idation is not a&t!ori?ed &nder t!e la+'

4) ,!is r&le is based on t!e ot!er pertinent pro*isions o% Section :; o% t!eCentral #an$ Act as amended b. E'' :8;@

Sec. 29. x x x.

x x x.The assets of an institution under receivership or liquidation shall bedeemed in custodia legis in the hands of the receiver or liquidator andshall, from the moment of such receivership or liquidation be exemptfrom any order of garnishment, levy, attachment, or execution.

5) ,!e sales at p&blic a&ction o% t!e real properties belonging to t!e petitionercond&cted b. t!e respondent dep&t. s!eri on >&l. 8 and ; 1;85 are !ereb.declared n&ll and *oid' ,!e pri*ate respondent Emiliana Doblon is ordered tofle !er /&dgment claim in t!e li&idation proceedings in t!e lo+er co&rt'