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JurisprudenceG.R. No. 130759 -

G.R. No. 130759 - ASIATRUST DEVELOPMENT BANK, VS. CONCEPTS TRADING CORPORATION.D E C I S I O N - Supreme Court E-Library

Cited Laws

RA 794RA 292RA 133
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TL;DR — Ruling

WHEREFORE, judgment is hereby rendered: a) ordering the subject complaint DISMISSED for lack of merit: b) ordering the plaintiff to pay to the defendant the amount of P395,210.30 to earn interest at 22% per annum from the date of this decision; c) declaring the Real Estate Mortgage and the Chattel Mortgage as valid and subsisting which may be foreclosed by the defendant in case of non-payment of the aforestated obligation after demand; d) ordering the plaintiff to pay to the defendant the amount…

Decision

Ruling

WHEREFORE, judgment is hereby rendered: a) ordering the subject complaint DISMISSED for lack of merit: b) ordering the plaintiff to pay to the defendant the amount of P395,210.30 to earn interest at 22% per annum from the date of this decision; c) declaring the Real Estate Mortgage and the Chattel Mortgage as valid and subsisting which may be foreclosed by the defendant in case of non-payment of the aforestated obligation after demand; d) ordering the plaintiff to pay to the defendant the amount of P10,000.00 as attorney's fees and litigation expenses. So ordered.