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JurisprudenceG.R. No. 217454 -

G.R. No. 217454 - AGRO FOOD AND PROCESSING CORP., v. VITARICH CORPORATION.

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TL;DR — Ruling

WHEREFORE, premises considered, judgment is hereby rendered, to wit: 1. ordering defendant Agro Foods to pay plaintiff the amount of P4,770,916.82 plus interest of P93,828.03 from January 9, 1998 to March 9, 1998 and an additional interest of 12% per annum from March 10, 1998 until the said amount is fully paid relative to the purchase of live broilers; and 2.

Decision

Ruling

WHEREFORE, premises considered, judgment is hereby rendered, to wit: 1. ordering defendant Agro Foods to pay plaintiff the amount of P4,770,916.82 plus interest of P93,828.03 from January 9, 1998 to March 9, 1998 and an additional interest of 12% per annum from March 10, 1998 until the said amount is fully paid relative to the purchase of live broilers; and 2. ordering plaintiff to pay defendant Agro Foods the amount of P25,430,292.72 as deficiency payment on the billing based on the toll rates as provided by the Toll Processing Agreement dated October 4, 1995 plus the legal rate of interest from the date of filing of this complaint until the said amount is fully paid. Further, plaintiff Vitarich Corp. and defendant Agro Food shall bear the payment of attorney's fees to their respective counsels. No pronouncement as to costs. SO ORDERED.