International Banking Corporation v. Pilar Corrales

Summary

International Banking Corporation obtained a receiver for Casa Comision's property to secure its P450,000 debt claim. Cipriana Garganta intervened seeking P470 rental payment for her property allegedly used by the receiver. The trial court ordered payment, but the Supreme Court reversed, holding that Garganta was merely a general unsecured creditor without preferential rights. Since Casa Comision, not the receiver, occupied the property, and receivers are not automatically liable for pre-existing contracts, the receiver could not be compelled to pay. The decision clarifies that general unsecured creditors cannot intervene for payment preferences in receivership proceedings without establishing specific statutory rights. This case establishes important precedent on receiver liability and intervention rights in Philippine jurisprudence.