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JurisprudenceG.R. No. 136729 -

G.R. No. 136729 - ASTRO ELECTRONICS CORP. AND PETER ROXAS, VS. PHILIPPINE EXPORT AND FOREIGN LOAN GUARANTEE CORPORATION. D E C I S I O N - Supreme Court E-Library

Cited Laws

RA 257,RA 430,RA 1,RA 738,RA 645,RA 381,
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TL;DR — Ruling

WHEREFORE, in view of all the foregoing, the Court hereby renders judgment in favor or (sic) the plaintiff and against the defendants Astro Electronics Corporation and Peter T. Roxas, ordering the then (sic) to pay, jointly and severally, the plaintiff the sum of P3,621.187.52 representing the total obligation of defendants in favor of plaintiff Philguarantee as of December 31, 1984 with interest at the stipulated rate of 16% per annum and stipulated penalty charges of 16% per annum computed fro…

Decision

Ruling

WHEREFORE, in view of all the foregoing, the Court hereby renders judgment in favor or (sic) the plaintiff and against the defendants Astro Electronics Corporation and Peter T. Roxas, ordering the then (sic) to pay, jointly and severally, the plaintiff the sum of P3,621.187.52 representing the total obligation of defendants in favor of plaintiff Philguarantee as of December 31, 1984 with interest at the stipulated rate of 16% per annum and stipulated penalty charges of 16% per annum computed from January 1, 1985 until the amount is fully paid. With costs. SO ORDERED.