G.R. No. 203420 - INTEGRATED CREDIT AND CORPORATE SERVICES, VS. ROLANDO S. CABREZA, SPOUSES FERNANDO AND ROSALINDA AGUILAR, ESTELA GAN, VICTOR GAN, SALLY GAN-ANTONIO, SHELLY GAN-ANG, AND EVANGELEE GAN-NG.D E C I S I O N - Supreme Court E-Library

Ruling

WHEREFORE , premises considered, the Decision dated 3 January 2008 of the Regional Trial Court (RTC) of Makati City, Branch 145, in Civil Case No. 95-260 is hereby AFFIRMED with the following MODIFICATIONS : The award of attorney's fees in favor of Plaintiffs-Appellants, Defendants Spouses Gan and Defendant Citibank and the award of moral and exemplary damages in favor of Defendants Spouses Gan are hereby DELETED ; Plaintiff-Appellant Rolando is ordered to REIMBURSE Defendants Spouses Gan the amounts of P345,580.31 and P9,319.00 representing their payment of real property taxes and association dues, respectively; The Register of Deeds of Makati City is ORDERED to cancel TCT No. 199445 in the name of Defendants Spouses Gan and ISSUE a new certificate of title in the name of Plaintiff-Appellant Rolando; Plaintiffs-Appellants are given a period of thirty (30) days from notice of finality [84] of this decision within which to pay Defendant-Appellant ICCS the balance of the redemption price under the Second MOA, in the total amount of P8,166,391.82. In the event of Plantiffs-Appellants' default, Defendant-Appellant ICCS may rescind the Second MOA in accordance with R.A. 6552 or the Maceda Law and thereafter, consolidate title over the subject property in its name. Other awards not otherwise modified or deleted stand. SO ORDERED.