G.R. No. 127851 - CORONA INTERNATIONAL, INC., VS. THE COURT OF APPEALS AND THE PHILIPPINE COCONUT AUTHORITY. E C I S I O N YNARES-SANTIAGO, J.: - Supreme Court E-Library

Ruling

WHEREFORE, in view of all the foregoing premises, judgment is hereby rendered - Ordering the defendant to pay plaintiff the total sum of P9,082,068.00 representing the balance of the contract price for Phase III of the project, the 10% retention for Phases I, II and III of the project, and the contract price for Phase IV of the project; Ordering the defendant to indemnify plaintiff the sum equal to two (2%) per centum of P9,082,068.00 monthly from date of the filing of the complaint up to March 30, 1995, as actual and for damages; Ordering the defendant to indemnify plaintiff the sum equal to 1 and ½% per cent of P9,082.068.00 monthly from March 30, 1995 up to the time the full amount is fully paid, as and by way of actual damages; The sum of P1,000,000.00 as and for attorney's fee; plus the costs of the suit. The counterclaim interposed by the defendant is hereby dismissed for lack of evidence to sustain it. SO ORDERED.