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JurisprudenceG.R. No. 174433 -

G.R. No. 174433 - PHILIPPPINE NATIONAL BANK, VS. SPOUSES ENRIQUE MANALO & ROSALINDA JACINTO, ARNOLD J. MANALO, ARNEL J. MANALO, AND ARMA J. MANALO.D E C I S I O N - Supreme Court E-Library

Cited Laws

RA 536,RA 20,RA 378,RA 527,RA 660,RA 82,RA 78,RA 43,RA 361,
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TL;DR — Ruling

WHEREFORE , the Court AFFIRMS the decision promulgated by the Court of Appeals on March 28, 2006 in CA-G.R. CV No. 84396, subject to the MODIFICATION that any amount to be refunded to the respondents shall bear interest of 12% per annum computed from March 28, 2006 until June 30, 2013, and 6% per annum computed from July 1, 2013 until finality hereof; that the amount to be refunded and its accrued interest shall earn interest at 6% per annum until full refund; and DIRECTS the petitioner to pay t…

Decision

Ruling

WHEREFORE , the Court AFFIRMS the decision promulgated by the Court of Appeals on March 28, 2006 in CA-G.R. CV No. 84396, subject to the MODIFICATION that any amount to be refunded to the respondents shall bear interest of 12% per annum computed from March 28, 2006 until June 30, 2013, and 6% per annum computed from July 1, 2013 until finality hereof; that the amount to be refunded and its accrued interest shall earn interest at 6% per annum until full refund; and DIRECTS the petitioner to pay the costs of suit. SO ORDERED.