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JurisprudenceG.R. No. 119033 -

G.R. No. 119033 - EK LEE STEEL WORKS CORPORATION, VS. MANILA CASTOR OIL CORPORATION, ROMY LIM, AND THE COURT OF APPEALS.D E C I S I O N - Supreme Court E-Library

Cited Laws

RA 511,RA 339,RA 490RA 136
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TL;DR — Ruling

WHEREFORE, judgment is hereby rendered in favor of the plaintiff and against the defendants, ordering the latter, jointly and severally, as follows: To pay the plaintiff the amount of P1,426,176.45 with legal interest to be computed from the date of the filing of the complaint until fully paid; To pay the plaintiff the amount of P154,883.33 representing actual damages in the form of interest payment for loans; To pay the amount of P100,000.00 as and for attorney's fees; and Costs of the suit.

Decision

Ruling

WHEREFORE, judgment is hereby rendered in favor of the plaintiff and against the defendants, ordering the latter, jointly and severally, as follows: To pay the plaintiff the amount of P1,426,176.45 with legal interest to be computed from the date of the filing of the complaint until fully paid; To pay the plaintiff the amount of P154,883.33 representing actual damages in the form of interest payment for loans; To pay the amount of P100,000.00 as and for attorney's fees; and Costs of the suit. Defendants' counterclaims are hereby dismissed for lack of merit. SO ORDERED.