G.R. No. 263632 - GIL G. CHUA, VS. BANK OF COMMERCE.

Ruling

WHEREFORE , the Motion for Reconsideration of plaintiff Bank of Commerce is hereby GRANTED . The Motion for Reconsideration of defendants Interbrand Logistics and Edgar San Luis, is DENIED . Decision dated July 10, 2018 is hereby MODIFIED and the court rules that defendants Interbrand Logistics & Distribution, Inc., Spouses Edgar and Doris San Luis, Gil G. Chua, Spouses Almer and Jane Caras and Carlos Mijares, are jointly and severally liable and are hereby ORDERED to pay plaintiff the following: Under Promissory Note No. 910-60-031120-1 in the principal amount of [PHP] 4,000,000.00 with interest at the rate of 13% per annum from November 26, 2009 until fully paid and penalty charges at the rate of 12% per annum from February 24, 2010, until fully paid; Under Promissory Note No. 910-60-031530-3 in the principal amount of [PHP] 14,000,000.00 with interest at the rate of 13% per annum from December 10, 2009 until fully paid and penalty charges at the rate of 12% per annum from March 10, 2010, until fully paid; Under Promissory Note No. 910-60-031572-9 in the principal amount of [PHP] 6,000,000.00 with interest at the rate of 13% per annum from December 11, 2009 until fully paid and penalty charges at the rate of 12% per annum from March 11, 2010, until fully paid; Under Promissory Note No. 910-60-032009-9 in the principal amount of [PHP] 12,000,000.00 with interest at the rate of 13% per annum from December 29, 2009 until fully paid and penalty charges at the rate of 12% per annum from March 29, 2010, until fully paid; Under Promissory Note [No.] 1060032429-9 in the principal amount of [PHP] 18,000,000.00 with interest rate of 13% per annum from January 19, 2010 until fully paid and penalty charges at the rate of 12% per annum from April 19, 2010, until fully paid; Under Promissory Note No. 910-60-032502-3 in the principal amount of [PHP] 10,000,000.00 with interest at the rate of 13% per annum from January 21, 2010 until fully paid and penalty charges at the rate of 12% per annum from April 21, 2010, until fully paid; Under Promissory Note No. 910-60-32529-5 in the principal amount of [PHP] 15,000,000.00 with interest at the rate of 13% per annum from January 22, 2010 until fully paid and penalty charges at the rate of 12% per annum from February 22, 2010, until fully paid; Under Promissory Note No. 910-60-032571-6 in the principal amount of [PHP] 71,000,000.00 with interest at the rate of 13% per annum from January 26, 2010 until fully paid and penalty charges at the rate of 12% per annum from April 26, 2010, until fully paid; Attorney's fees at [PHP] 1,000,000.00. No pronouncement as to costs. SO RESOLVED . [24] (Emphasis in the original) Ruling of the Court of Appeals Aggrieved, Interbrand et al. filed their appeal together while Chua filed his separate appeal. In its assailed Decision [25] dated May 31, 2022, the Court of Appeals affirmed in full. Petitioners' motions for partial reconsideration were denied under its assailed Resolution [26] d