G.R. No. 171545 - EQUITABLE PCI BANK,*AIMEE YU AND BEJAN LIONEL APAS, VS. NG SHEUNG NGOR** DOING BUSINESS UNDER THE NAME AND STYLE "KEN MARKETING," KEN APPLIANCE DIVISION, INC. AND BENJAMIN E. GO.D E C I S I O N - Supreme Court E-Library

Ruling

WHEREFORE, premises considered, judgment is hereby rendered: A) Ordering [Equitable] to reinstate and return the amount of [respondents'] deposit placed on hold status; B) Ordering [Equitable] to pay [respondents] the sum of P12 [m]illion [p]esos as moral damages; C) Ordering [Equitable] to pay [respondents] the sum of P10 [m]illion [p]esos as exemplary damages; D) Ordering defendants Aimee Yu and Bejan [Lionel] Apas to pay [respondents], jointly and severally, the sum of [t]wo [m]illion [p]esos as moral and exemplary damages; E) Ordering [Equitable, Aimee Yu and Bejan Lionel Apas], jointly and severally, to pay [respondents'] attorney's fees in the sum of P300,000; litigation expenses in the sum of P50,000 and the cost of suit; F) Directing plaintiffs Ng Sheung Ngor and Ken Marketing to pay [Equitable] the unpaid principal obligation for the peso loan as well as the unpaid obligation for the dollar denominated loan; G) Directing plaintiff Ng Sheung Ngor and Ken Marketing to pay [Equitable] interest as follows: 1) 12% per annum for the peso loans; 2) 8% per annum for the dollar loans. The basis for the payment of the dollar obligation is the conversion rate of P26.50 per dollar availed of at the time of incurring of the obligation in accordance with Article 1250 of the Civil Code of the Philippines; H) Dismissing [Equitable's] counterclaim except the payment of the aforestated unpaid principal loan obligations and interest. SO ORDERED.