This case has been cited 1 times or more.
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2015-06-22 |
REYES, J. |
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| Pilipinas Bank v. Court of Appeals,[47] meanwhile, ruled that the rates of interest prescribed by the MB is also applicable to restitution cases where money is transferred from one person to another and the obligation to return the same or a portion thereof is subsequently adjudged in.[48] Consequently, the interest imposed by the CA must be modified in order to conform to the prevailing rate imposed by the BSP-MB and clarified by recent jurisprudence. | |||||