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Calilung vs. Paramount Insurance etc.

TARCISIO S. CALILUNG, PETITIONER, VS. PARAMOUNT INSURANCE CORPORATION, RP TECHNICAL SERVICES, INC., RENATO L. PUNZALAN AND JOSE MANALO, JR., RESPONDENTS.

G.R. No. 195641 | 2016-07-11

D E C I S I O N
 
BERSAMIN, J.:
 
The issue concerns the rate of interest on the debt decreed in a final and executory decision. This issue has emerged during the stage of the execution of the judgment, and the petitioner as the winning party sought compounded interest pursuant to Article 2212 of the Civil Code. The trial court ultimately ruled that compounded interest should not be recovered because the final and executory decision did not decree the compounding of interest. Thus, the petitioner has directly come to the Court for recourse.
 
Antecedents

On March 16, 2005, the Court promulgated its resolution in G.R. No....