G.R. No. 224760 - LAND BANK OF THE PHILIPPINES, VS. CORAZON M. VILLEGAS.D E C I S I O N - Supreme Court E-Library

Ruling

ACCORDINGLY, the petition is PARTLY GRANTED. The Decision of the Court of Appeals-Cebu City dated February 17, 2015 in CA­-G.R. SP No. 06731 fixing the just compensation for respondent Corazon M. Villegas's land at P2,938,448.16 is AFFIRMED with MODIFICATION. The just compensation for respondent Corazon M. Villegas's property is fixed at P1,935,776.40. The difference between this final amount and the initial deposit of P580,900.08 shall earn legal interest of twelve percent (12%) per annum from the date of taking or September 29, 2004 until June 30, 2013, and six percent (6%) per annum from July 1, 2013 until fully paid. SO ORDERED.