G.R. No. 174979 - BONIFACIO SANZ MACEDA, JR., VS. DEVELOPMENT BANK OF THE PHILIPPINES. [G.R. No. 175010] DEVELOPMENT BANK OF THE PHILIPPINES, VS. BONIFACIO SANZ MACEDA, JR..D E C I S I O N - Supreme Court E-Library

Ruling

WHEREFORE, in view of all the foregoing premises, the Court renders judgment, to wit: 1. The preliminary injunction issued on December 12, 1984 is hereby made permanent; 2. Defendant Development Bank of the Philippines is ordered, to wit: (a) To immediately release in favor of Plaintiff Bonifacio Maceda, Jr. the unreleased loan balance of P1,952,489.10. In addition, as to the portion thereof amounting to P1.003M, DBP is further directed to pay interest thereon at the rate of 12% per annum beginning and counted from January, 1978; (b) To immediately return to plaintiff Bonifacio Maceda, Jr. the sum of P797,988.95 representing the interest/other charges for the period October 31, 1979 to April 1, 1980; (c) To pay Plaintiff Bonifacio Maceda, Jr. the sum of Five Hundred Thousand Pesos as moral damages; (d) To pay plaintiff Bonifacio Maceda, Jr. the sum of One Hundred Thousand Pesos as exemplary damages; (e) To pay plaintiff Bonifacio Maceda, Jr. the sum of P17,547,510.90 representing the additional cost to complete and finish the New Gran Hotel; (f) To pay plaintiff Bonifacio Maceda, Jr. the sum of P100,000.00 as attorney's fees and litigation expense. The counterclaims of defendants are hereby dismissed. SO ORDERED.