G.R. No. 175949 - United Alloy Philippines Corp. vs. United Coconut Planters Bank

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G.R. No. 175949: United Alloy Philippines Corp. vs. United Coconut Planters Bank

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Title Supreme Court: United Alloy Philippines Corp. vs. United Coconut Planters Bank

Case: G.R. No. 175949

Decision Date: Jan 30, 2017

UNIALLOY defaulted on a PhP50M loan from UCPB, secured by a Surety Agreement. UCPB filed a collection case; UNIALLOY countered with fraud claims. Courts ruled against UNIALLOY, affirming liability and adjusting excessive interest rates.

collection case

loan obligations

promissory notes

Standard 20 min

1.2x of typical case length

END