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JurisprudenceG.R. No. 206026 -

G.R. No. 206026 - JMA AGRICULTURAL DEVELOPMENT CORPORATION, V. LAND BANK OF THE PHILIPPINES.

Cited Laws

RA 543,RA 301,RA 9700RA 6657,RA 6657RA 27RA 149RA 226RA 152RA 495,
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TL;DR — Ruling

WHEREFORE, in the light of the foregoing, and in the interest of justice and equity, Judgment is rendered fixing the just compensation of petitioner's 103.9327-hectare CARP­ covered sugarland at P252,218.90 per hectare, or a total of P26,213,791.26, and directing respondents to pay petitioner the amount of P26,213,791.

Decision

Ruling

WHEREFORE, in the light of the foregoing, and in the interest of justice and equity, Judgment is rendered fixing the just compensation of petitioner's 103.9327-hectare CARP­ covered sugarland at P252,218.90 per hectare, or a total of P26,213,791.26, and directing respondents to pay petitioner the amount of P26,213,791.26 minus whatever amount petitioner has already received from respondent Land Bank of the Philippines as initial valuation for its land, in the same proportion of cash and bonds as previously paid. SO ORDERED.