[SEC-SICD * CASE NO. 5450. July 13, 1999.]
CGB CONDOMINIUM OWNERS ASSOCIATION, INC., complainant, vs. WELBILT CONSTRUCTION, INC., respondent.
D E C I S I O N
This is a complaint for collection of association dues and insurance premium filed by CGB Condominium Owners Association, Inc. against defendant Welbilt Construction Corporation.
In its complaint plaintiff alleged, among others, that it is an association of condominium owners of Cacho Gonzales Bldg.; that defendant, being an owner and occupant of the second floor of the said building, is a member of the association, and therefore under obligation to pay association dues and insurance premium in accordance with the Master Deed With Declaration of Restrictions and the By-laws of the .association; that defendant refused to pay its association dues and insurance premium so that as of August 1996 the same accumulated to a total of P2,693,282.55; that despite repeated oral and written demands by the plaintiff, defendant refused and still fails and refuses to comply; that in order to enforce its claim plaintiff was constrained to engage the services of counsel for...