G.R. No. 178537 - SPS. RAFAEL P. ESTANISLAO AND ZENAIDA ESTANISLAO, vs. EAST WEST BANKING CORPORATION.DECISION - Supreme Court E-Library

Ruling

WHEREFORE, premises considered, the present appeal is hereby GRANTED. The Decision dated March 14, 2006 of the Regional Trial Court of Antipolo City, Branch 73 in Civil Case No. 00-5731 is hereby REVERSED and SET ASIDE. A new judgment is hereby entered ordering the defendants-appellees to pay, jointly and severally, plaintiff-appellant East West Banking Corporation the sum of FOUR MILLION TWO HUNDRED SEVENTY FIVE THOUSAND NINE HUNDRED NINETEEN and 69/100 (P4,275,919.69) per Statement of Account as of June 14, 2001 (Exh. E, Records, p.328) with interest at 12% per annum from June 15, 2001 until full payment thereof. Defendants-appellees are likewise ordered to pay the plaintiff-appellant attorneys fees in the sum equivalent to ten per cent (10%) of the total amount due. No pronouncement as to costs. SO ORDERED.