G.R. No. 176986 - NISSAN CAR LEASE PHILS., INC., VS. LICA MANAGEMENT, INC. AND PROTON PILIPINAS, INC..D E C I S I O N - Supreme Court E-Library

Ruling

WHEREFORE, in view of the foregoing, judgment is rendered in plaintiff LICA MANAGEMENT INCORPORATED's favor. As a consequence of this, defendant NISSAN CAR LEASE PHILIPPINES, INC. is directed to pay plaintiff the following: 1.) [P]2,696,639.97 representing defendant's unpaid rentals inclusive of interest and penalties up to 12 November 1996, plus interest to be charged against said amount at the rate of twelve percent (12%) beginning said date until the amount is fully paid. 2.) Exemplary damages and attorney's fees amounting to Two Hundred Thousand Pesos ([P]200,000.00) and litigation expenses amounting to Fifty Thousand Pesos ([P] 50,000.00). The third party complaint filed by defendant is DENIED for lack of merit and in addition to the foregoing and as prayed for, defendant NISSAN is ordered to pay third party defendant PROTON PILIPINAS INC. the sum of Two Hundred Thousand Pesos ([P]200,000.00) representing exemplary damages and attorney's fees due. SO ORDERED.