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[2/2] United Planters Sugar Milling Company, Inc. (UPSUMCO) vs. Court of Appeals, et al.

[2/2] UNITED PLANTERS SUGAR MILLING COMPANY, INC. (UPSUMCO), Petitioner, versus THE HONORABLE COURT OF APPEALS, PHILIPPINE NATIONAL BANK (PNB), and ASSET PRIVATIZATION TRUST (APT), as TRUSTEE OF THE REPUBLIC OF THE PHILIPPINES, Respondents.

G.R. No. 126890 | 2006-11-28

COUNTERCLAIM 
 
19. The total indebtedness of [UPSUMCO] to PNB and APT as of June 30, 1987 was TWO BILLION ONE HUNDRED THIRTY SEVEN MILLION SEVENTY SIX THOUSAND FOUR HUNDRED THIRTY THREE AND 15/100 (P2,137,076,433.15) PESOS, while the assets of [UPSUMCO] were foreclosed and sold for FOUR HUNDRED FIFTY MILLION (P450,000.000.00) PESOS[] only thereby leaving a deficiency balance of ONE BILLION SIX HUNDRED EIGHTY SEVEN MILLION SEVENTY SIX THOUSAND FOUR HUNDRED THIRTY THREE AND 15/100 (P1,687,076,433.15) payable by the plaintiff [UPSUMCO] to the NATIONAL GOVERNMENT[.] (Capitalization in the original; boldfacing supplied) [28] 
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