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Development Bank of the Phil., vs. Viuda de Moll

DEVELOPMENT BANK OF THE PHILIPPINES, plaintiff-appellee, vs. LEONOR R. VDA. DE MOLL, SEBASTIAN MOLL, JR., BACILISO MOLL, ERIBERTO MOLL, ESTRELLA MOLL, SALVADOR MOLL, SEGUNDO MOLL and AURORA MOLL, defendants-appellants.

G.R. No. L-25802 | 1972-01-31

D E C I S I O N


BARREDO, J:

Appeal from the decision of the Court of First Instance of Manila in its Civil Case No. 56037 sentencing appellants to jointly and severally pay to the appellee Development Bank of the Philippines the sum of P1,648,591.45, claimed by the said Bank to be the deficiency or unpaid balance of appellants' overdue obligation under certain agricultural and industrial loans it had granted to appellants after applying to the said loans the proceeds of the extrajudicial foreclosure and public auction sale of the properties mortgaged to secure their payment, plus attorney's fees and costs.

It appears that on April 12,...