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JurisprudenceG.R. No. 227095 -

G.R. No. 227095 - TRANS INDUSTRIAL UTILITIES, INC., SPOUSES RODOLFO and VICTORIA TIU, and JUANITA T. TIU, Present:, v. METROPOLITAN. BANK & TRUST COMPANY, substituted by MERIDIAN Promulgated: (SPV-AMC) CORPORATION. D E C I S I O N - Supreme Court E-Library

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TL;DR — Ruling

WHEREFORE, premise considered, a judgment is hereby rendered in favor of the plaintiff, MERIDIAN (SPV-AMC) CORPORATION, and against the defendants TRANS INDUSTRIAL UTILITIES, INC., SPS. RODOLFO and VICTORIA TIU and JUANITA T. TIU, sentencing said defendants to pay solidarily, jointly and severally the plaintiff the sum of P37,985,078.

Decision

Ruling

WHEREFORE, premise considered, a judgment is hereby rendered in favor of the plaintiff, MERIDIAN (SPV-AMC) CORPORATION, and against the defendants TRANS INDUSTRIAL UTILITIES, INC., SPS. RODOLFO and VICTORIA TIU and JUANITA T. TIU, sentencing said defendants to pay solidarily, jointly and severally the plaintiff the sum of P37,985,078.49 plus 12% interest and 18% penalties per annum based on the principal obligation of P34,565,524.98, from October 1, 2002 Willfully paid, and the costs. SO ORDERED.