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June 1, 2010BIR RULING [DA-(I-008) 085-10]Secs. 27 (D) (5), 188, 196;BIR Ruling Nos. 090-99; 027-93;115-94; DA-195-2000; DA-301-03Cornista Law Office11th Floor, Ever Gotesco Corporate Center1958 C.M. Recto Avenue, ManilaAttention: Atty. Ildebrando L. CornistaCounsel for Lourdes G. de GuzmanGentlemen :This refers to your letter dated January 25, 2010 requesting for the issuance of a Certificate Authorizing Registration involving the properties acquired from Allied Banking Corporation by virtue of a Court Order. DTCSHAIt is represented that spouses Felix and Lourdes de Guzman, and Steelman Builders Corporation are plaintiffs in a civil case for Nullification of the Foreclosure Proceedings against defendant Allied Banking Corporation, et al. before the Regional Trial Court of Malabon City Branch 170; that subject properties covered by Transfer Certificates of Title Nos. M-29088, M-29089, M-29088, M-29090, M-29091, M-29092, and M-29093 of the Registry of Deeds of Malabon City are registered in the name of Allied Banking Corporation; that a compromise agreement was agreed upon between the parties whereby the Trial Court rendered a decision on May 12, 2008; that the relevant portions of said compromise...