G.R. No. 195619 - PLANTERS DEVELOPMENT BANK, VS. JULIE CHANDUMAL.D E C I S I O N - Supreme Court E-Library

Ruling

WHEREFORE, the foregoing considered, judgment is hereby rendered in favor of the plaintiff Planters Development Bank and against defendant Julie Chandumal as follows, to wit: 1. Declaring the notarial rescission of the Contract to Sell dated 03 January 1990 made by the plaintiff per the Notice of Delinquency and Rescission of Contract with Demand to Vacate dated 14 July 1998 as judicially confirmed and ratified; 2. Requiring the plaintiff to deposit in the name of the defendant the amount of [P]10,000.00 representing the cash surrender value for the subject property with the Land Bank of the Philippines, Las Pi[ñ]as City Branch in satisfaction of the provisions of R.A. No. 6552; and, 3. Ordering the defendant to pay the plaintiff the amount of [P]50,000.00 as and by way of attorneys fees, including the costs of suit. SO ORDERED.