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BPI Family Savings Bank vs. Golden Power Diesel Case Summary by DownloaderMan is a document available to read on EtoBox.
This case involved a dispute over possession of two properties that were mortgaged by CEDEC Transport to BPI Family Savings Bank as collateral for a loan. After CEDEC failed to pay the loan, BPI foreclosed on the properties and acquired them in a public auction. Golden Power later claimed possession as a vendee of CEDEC. The Court ruled that Golden Power was considered a third party possessor and that BPI was entitled to a writ of possession as the auction purchaser, even while an annulment case was pending
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