G.R. NO. 149236 - PHILIPPINE NATIONAL BANK, VS. HON. JOSE G. PANEDA, IN HIS CAPACITY AS PRESIDING JUDGE OF THE RTC, BR. 67, CONSOLACION CHAN, ELIZABETH CAPULLA, CAROLINE REYES, BERNARDO DE VERA, JULITA, LORNA, EDNA, RENE, MARITES, MARICAR, RICARDO, JR., AND ROLANDO, ALL SURNAMED DE VERA.

Ruling

WHEREFORE, the Court hereby renders judgment: a) Declaring the plaintiffs [Chan, et al.] to be lawful possessors and owners over the litigated lot described in their Complaint in the above-entitled case. b) Ordering the third party defendant (PNB) to pay the value of the lot sold to the third party plaintiffs (DE VERAS) under the Contract of Sale With Option to Resell dated October 9, 1985 (Exh. 1) in the amount of P1,000.00 per square meter for the entire 33,873 square meters plus the sum of P20,000.00 spent for documentation or registration of the contract of sale, with legal interest thereon at the rate of 12% per month from the date of this judgment until full payment thereof to the DE VERAS. c) Condemning the third party defendant (PNB) to pay the third party plaintiffs (DE VERAS) the sum of P200,000.00 (sic) representing the value of the labor and construction materials and improvements the latter introduced in the disputed lot from October 10, 1985 up to October 27, 1985. d) Ordering the third party defendant (PNB) to pay the third party plaintiffs (DE VERAS) the amount of P50,000.00 as reasonable attorneys fees in addition to the sum of P10,000.00 as actual and litigation expenses and, to pay the costs of this suit. e) Dismissing all other claims and counterclaims which the parties may have against each in this case for insufficiency of evidence. SO ORDERED.