G.R. No. 187973 - LZK HOLDINGS AND DEVELOPMENT CORPORATION, VS. PLANTERS DEVELOPMENT BANK.R E S O L U T I O N - Supreme Court E-Library

Ruling

WHEREFORE, premises considered, the petitiOn is hereby granted, hence the order setting the case for ex-parte hearing on April 14, 2008 is rendered moot and academic by this order. Let [a] Writ of Possession issue in favor of Planters Development Bank and the Deputy Sheriff of this Court is hereby directed to place Planters Development Bank or any of its authorized representatives in possession of the subject parcel of land, together with all the improvements existing thereon, covered by TCT- 45337 of the Register of Deeds for the province of La Union against LZK HOLDINGS AND DEVELOPMENT CORPORATION (referred to as LZK) including all other persons/occupants who are claiming rights under them and who are depriving [Planters Bank] of its right to possess the above-described property upon the filing of bond by [Planters Bank] in the amount of two million pesos (Php2,000,000.00). SO ORDERED.