G.R. No. 183804 - S.C. MEGAWORLD CONSTRUCTION AND DEVELOPMENT CORPORATION, VS. ENGR. LUIS U. PARADA, REPRESENTED BY ENGR. LEONARDO A. PARADA OF GENLITE INDUSTRIES.DECISION - Supreme Court E-Library

Ruling

WHEREFORE, judgment is hereby rendered for the [respondent]. [The petitioner] is hereby ordered to pay the [respondent] the following: A. the sum of [P]816,627.00 representing the principal obligation due; B. the sum equivalent to twenty percent (20%) per month of the principal obligation due from date of judicial demand until fully paid as and for interest; and C. the sum equivalent to twenty[-]five [percent] (25%) of the principal sum due as and for attorneys fees and other costs of suits. The compulsory counterclaim interposed by the [petitioner] is hereby ordered dismissed for lack of merit. SO ORDERED.