G.R. No. 229274 - DEVELOPMENT BANK OF THE PHILIPPINES, VS. LAND BANK OF THE PHILIPPINES AND DEPARTMENT OF AGRARIAN REFORM ADJUDICATION BOARD.

Ruling

WHEREFORE, premises considered, judgment is hereby rendered: 1. Fixing the amount of ELEVEN THOUSAND NINE HUNDRED TWENTY-TWO and 32/100 ([P]11,922.32) Pesos, Philippine currency, for the acquired area of 0.1567 hectares, situated in Duhat, Bocaue, Bulacan, in the name of [DBP], covered by [TCT] No. T-144547 (M), which property was taken by the government pursuant to the Agrarian Reform Program of the government as provided by [RA] No. 6657. 2. Ordering [LBP] to pay [DBP] the amount of ELEVEN THOUSAND NINE HUNDRED TWENTY-TWO and 32/100 ([P]11,922.32) Pesos, Philippine currency, in the manner provided by [RA] No. 6657, by way of full payment of the said just compensation, after deducting whatever amount previously-received by [DBP] as part of the just compensation, if any. 3. Without pronouncement as to costs. SO ORDERED.