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JurisprudenceG.R. No. 179161 -

G.R. No. 179161 - PHILIPPINE NATIONAL BANK, VS. DKS INTERNATIONAL, INC. AND MICHAEL DY.D E C I S I O N - Supreme Court E-Library

Cited Laws

RA 650,
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TL;DR — Ruling

WHEREFORE, judgment is hereby rendered ordering defendants DKS International, Inc., Michael Dy and all persons claiming rights and interest under them: To vacate the property covering 9,500 square meters located at Numancia Street, Binondo, Manila, specifically designated as Lot No. 1, Block 1862 of the Manila Cadastre No. 13 and peacefully surrender possession thereof to plaintiff PNB; To pay plaintiff PNB reasonable compensation in the amount of P200,000.

Decision

Ruling

WHEREFORE, judgment is hereby rendered ordering defendants DKS International, Inc., Michael Dy and all persons claiming rights and interest under them: To vacate the property covering 9,500 square meters located at Numancia Street, Binondo, Manila, specifically designated as Lot No. 1, Block 1862 of the Manila Cadastre No. 13 and peacefully surrender possession thereof to plaintiff PNB; To pay plaintiff PNB reasonable compensation in the amount of P200,000.00 per month starting October 2002, until completely vacated and fully surrendered; To pay attorney's fees fixed in the reasonable amount of P10,000.00; and, To pay the costs of the suit. SO ORDERED.