AFTER discovering that the financial obligation had already been settled in an agreement in the United States (US), the Makati City Regional Trial Court (RTC) has ordered the Standard Chartered Bank (SCB) to return the P236 million in loan repayments it received from a Makati-based investment firm.

Judge Cesar Untalan of the Makati RTC Branch 149 granted the urgent motion filed by the Philippine Investment Two Inc. (SPV-AMC) and Metrobank and Trust Co. directing the SCB to return the payments it had already received from PI Two under the company’s rehabilitation plan.

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