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JurisprudenceG.R. No. 190520 -

G.R. No. 190520 - LAND BANK OF THE PHILIPPINES VS. SPOUSES ANTONIO AND CARMEN AVANCENA.D E C I S I O N - Supreme Court E-Library

Cited Laws

RA 6657,RA 439,RA 6657RA 148,RA 5
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TL;DR — Ruling

WHEREFORE, premises considered, judgment is hereby rendered directing the defendants Land Bank of the Philippines ( LBP ) and the Department of Agrarian Reform ( DAK ) to pay plaintiffs the following: 1. The sum of Twenty Million Four Hundred Seventy-Five Thousand, Seven Hundred Seventy-Five (P20?475,775) Pesos for the 160.253 hectares |of| land with its improvements with six (6%) percent legal interest thereon, less the provisional deposits from April 1991 until actually paid; 2.

Decision

Ruling

WHEREFORE, premises considered, judgment is hereby rendered directing the defendants Land Bank of the Philippines ( LBP ) and the Department of Agrarian Reform ( DAK ) to pay plaintiffs the following: 1. The sum of Twenty Million Four Hundred Seventy-Five Thousand, Seven Hundred Seventy-Five (P20?475,775) Pesos for the 160.253 hectares |of| land with its improvements with six (6%) percent legal interest thereon, less the provisional deposits from April 1991 until actually paid; 2. The sum of One Hundred Thousand (P100,000) Pesos, as Attorneys' fees; 3. The sum of One Hundred Thousand (P100,000) Pesos, litigation expenses; 4. All other claims and counterclaims are dismissed for lack of merit. SO ORDERED.