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JurisprudenceG.R. No. 239418 -

G.R. No. 239418 - DANILO DECENA AND CRISTINA CASTILLO (FORMERLY DECENA), VS. ASSET POOL A (SPV-AMC), INC..

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TL;DR — Ruling

WHEREFORE, premises considered, plaintiff having proved its claim by preponderance of evidence against defendants Danilo Decena and Crisitina Decena, judgment is hereby rendered ordering them to pay plaintiff Asset Pool A (SPV-AMC) jointly and severally the following: the principal amount of Php12,500,000.

Decision

Ruling

WHEREFORE, premises considered, plaintiff having proved its claim by preponderance of evidence against defendants Danilo Decena and Crisitina Decena, judgment is hereby rendered ordering them to pay plaintiff Asset Pool A (SPV-AMC) jointly and severally the following: the principal amount of Php12,500,000.00 plus 12% interest and 6% penalty charges per annum from September 19, 2006 until finality of the Decision; 6% interest per annum on the principal from finality of the Decision until the obligation is fully paid; Php25,000.00 as Attorney's Fees; and costs of suit. The counterclaim of defendants is dismissed for failure to prove its existence. SO ORDERED.