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What is Ching vs. Allied Bank: Attachment Case Review about?

This document summarizes a Supreme Court decision regarding a loan default by Philippine Blooming Mills Company (PBMCI) and the subsequent legal proceedings. Key details include: 1) PBMCI obtained loans from Allied Banking Corporation (ABC) in 1978 and 1979, guaranteed by Alfredo Ching and others, but defaulted on payments. 2) ABC filed a case against PBMCI and guarantors in 1981 and obtained a writ of preliminary attachment against Alfredo Ching. 3) In 1983, 100,000 shares of Citycorp stock owned by Alfre

Author

VeraNataa

Language

EN