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JurisprudenceG.R. No. 195341 -

G.R. No. 195341 - ALLIED BANKING CORPORATION (NOW PHILIPPINE NATIONAL BANK), VS. ELIZABETH SIA.D E C I S I O N - Supreme Court E-Library

Cited Laws

RA 10963RA 8424
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TL;DR — Ruling

WHEREFORE, premises considered, judgment is hereby rendered in favor of the plaintiff and against the defendant. The latter is hereby directed: 1) To release to the plaintiff all of the accumulated deposits under Savings Account No. 0570-231382 especially those deposits that were due on January 3, 2002, January 3, 2003, January 3, 2004, and January 3, 2005 with interests at the legal rate; 2) To pay [the] plaintiff: (a) attorney's fees of [P]500,000.00 (b) litigation expenses of [P]100,000.

Decision

Ruling

WHEREFORE, premises considered, judgment is hereby rendered in favor of the plaintiff and against the defendant. The latter is hereby directed: 1) To release to the plaintiff all of the accumulated deposits under Savings Account No. 0570-231382 especially those deposits that were due on January 3, 2002, January 3, 2003, January 3, 2004, and January 3, 2005 with interests at the legal rate; 2) To pay [the] plaintiff: (a) attorney's fees of [P]500,000.00 (b) litigation expenses of [P]100,000.00 (c) actual or compensatory damages of [P]4,000,000.00 (d) moral damages of [P]10,000,000.00 (e) exemplary or corrective damages of [P]500,000.00 and (f) nominal damages of [P]100,000.00 3) To pay the costs hereof. SO ORDERED.