Eagle Corinthians Integrated Security, Inc. v. Barro
This is a civil case decided by the Supreme Court of the Philippines in its First Division. The case is between Eagle Corinthians Integrated Security Inc., Corinthians Integrated Security, Inc., and Noel E. Bongat (petitioners) and Rolando G. Barro (respondent). The legal issue in this case is whether the Court of Appeals (CA) committed a reversible error in finding that the Decision 1 dated January 30, 2017 of the Labor Arbiter (LA) had already attained finality due to petitioners' non-perfection of a timely appeal. The Supreme Court denied the petition for review and affirmed the CA's ruling, but modified it to include legal interest commencing from the finality of the LA's Decision dated January 30, 2017. The legal rate of interest is six percent (6%) per annum from such finality until full payment, in accordance with Circular No. 799 of the Bangko Sentral ng Pilipinas.
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FIRST DIVISION
[G.R. No. 253980. March 3, 2021.]
EAGLE CORINTHIANS INTEGRATED SECURITY INC., CORINTHIANS INTEGRATED SECURITY, INC., and NOEL E. BONGAT, petitioners, vs.ROLANDO G. BARRO, respondent.
NOTICE
Sirs/Mesdames :
Please take notice that the Court, First Division, issued a Resolution datedMarch 3, 2021which reads as follows: DETACa
"G.R. No. 253980 (Eagle Corinthians Integrated Security, Inc., Corinthians Integrated Security, Inc., and Noel E. Bongat v. Rolando G. Barro). — After a perusal of the records of the case, this Court resolves to deny the petition for review on certiorari for failure of petitioners Eagle Corinthians Integrated Security, Inc., Corinthians Integrated Security, Inc., and Noel E. Bongat to sufficiently show that the Court of Appeals (CA) committed reversible error in finding that the Decision 1 dated January 30, 2017 of the Labor Arbiter (LA) had already attained finality due to petitioners' non-perfection of a timely appeal.
However, the CA's ruling must be modified, such that the total monetary award granted to respondent Rolando G. Barro must include legal interest commencing from the finality of the Decision dated January 30, 2017 of the LA. Once a judgment of the court awarding a sum of money becomes final and executory, the award equates to a loan or forbearance of money and from such time the legal rate of interest begins to apply, which per Circular No. 799 of the Bangko Sentral ng Pilipinas is six percent (6%) per annum.
WHEREFORE, the petition is DENIED. The Decision dated December 11, 2019 and the Resolution dated October 12, 2020 of the Court of Appeals in CA-G.R. SP No. 155834 are AFFIRMEDwithMODIFICATION in that the total monetary award granted to respondent Rolando G. Barro shall earn interest at the rate of six percent (6%) per annum from the date of the finality of the Decision of the Labor Arbiter until full payment.
SO ORDERED."
By authority of the Court:
(SGD.) LIBRADA C. BUENADivision Clerk of Court
By:
MARIA TERESA B. SIBULODeputy Division Clerk of Court
Footnotes
1. Penned by Labor Arbiter Zosima C. Lameyra; rollo, pp. 108-113.
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