G.R. No. 133877 - RIZAL COMMERCIAL BANKING CORPORATION, VS. ALFA RTW MANUFACTURING CORPORATION, BA FINANCE CORPORATION, NORTH AMERICAN GARMENTS CORPORATION, JOHNNY TENG, RAMON LEE, ANTONIO LACDAO, RAMON LUY AND ALFA INTEGRATED TEXTILE MILLS.D E C I S I O N - Supreme Court E-Library

Ruling

WHEREFORE, judgment is rendered in favor of plaintiff as follows: Ordering all defendants to pay, jointly and severally, to plaintiff the amount of Eighteen Million Nine Hundred Sixty-one Thousand Three Hundred Seventy-two Pesos and Forty-three Centavos (P18,961,372.43), Philippine Currency, (inclusive of interest, service charges, litigation expenses and attorney's fees), with interest thereon at the legal rate from February 15, 1988 until fully paid. The proceeds from the sale of defendant Alfa's ready to wear apparel, in the sum of P73,133.70, should be deducted from the principal obligation of P18,961,372.43; Declaring that the respective liens of intervenors BA Finance Corporation and North American Garments Corporation over the properties attached by the sheriff are inferior to that of plaintiff. Ordering defendants and intervenors to pay the proportionate costs. "SO ORDERED.