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JurisprudenceG.R. No. 128557 -

G.R. No. 128557 - LAND BANK OF THE PHILIPPINES VS. COURT OF APPEALS AND JOSE PASCUAL.

Cited Laws

RA 3844,RA 609,RA 197RA 343RA 3844RA 299RA 176,RA 6657,RA 6657
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TL;DR — Ruling

WHEREFORE, the assailed Decision of the Court of Appeals granting the Writ of Mandamus directing petitioner Land Bank of the Philippines to pay private respondent Jose Pascual the total amount of P1,961,950.00 stated in the Decision dated 11 June 1992 of the Provincial Agrarian Reform Adjudicator (PARAD) of Cagayan is AFFIRMED, with the modification that the 6% compounded interest per annum provided under DAR Administrative Order No.

Decision

Ruling

WHEREFORE, the assailed Decision of the Court of Appeals granting the Writ of Mandamus directing petitioner Land Bank of the Philippines to pay private respondent Jose Pascual the total amount of P1,961,950.00 stated in the Decision dated 11 June 1992 of the Provincial Agrarian Reform Adjudicator (PARAD) of Cagayan is AFFIRMED, with the modification that the 6% compounded interest per annum provided under DAR Administrative Order No. 13, Series of 1994 is DELETED, the same being no longer applicable. SO ORDERED.

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