G.R. No. 213863 - LAND BANK OF THE PHILIPPINES, VS. EDGARDO L. SANTOS, REPRESENTED BY HIS ASSIGNEE, ROMEO L. SANTOS. [G.R. NO. 214021] EDGARDO L. SANTOS, REPRESENTED BY HIS ASSIGNEE, ROMEO L. SANTOS, VS. LAND BANK OF THE PHILIPPINES.D E C I S I O N - Supreme Court E-Library

Ruling

Accordingly, the award of twelve percent (12%) annual interest on the unpaid balance of the just compensation for Land 3 should be computed from the time of taking , and not from January 1, 2010 as ruled by the RTC and the CA, until full payment on October 12, 2011 . [107] However, copies of the emancipation patents issued to the farmer-beneficiaries have not been attached to the records of the case. Hence, the Court is constrained to remand the case to the RTC of Naga City for receipt of evidence as to the date of the grant of the emancipation patents, which shall serve as the reckoning point for the computation of the interests due Santos. WHEREFORE , the petitions are DENIED . The Decision dated December 4, 2013 and the Resolution dated August 11, 2014 of the Court of Appeals in CA-G.R. SP Nos. 110779 and 121813 are hereby AFFIRMED with the MODIFICATION that the awarded twelve percent (12%) interest shall be computed from the date of taking until full payment of the just compensation on October 12, 2011 for the property covered by TCT No. 5717 (Land 3). The records of the case are REMANDED to the Regional Trial Court of Naga City, Branch 23 for further reception of evidence as to the date of the grant of the emancipation patents in favor of the farmer-beneficiaries of Land 3, which shall serve as the reckoning point for the computation of the said award. SO ORDERED.