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THIRD DIVISION
DECISION
REYES, J.:
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Decision 2 G.R. No. 193987
The Facts
Id. at 13.
4
Id. at 13-14.
Id. at 14.
6
Id.
AN ACT INSTITUTING A COMPREHENSIVE AGRARIAN REFORM PROGRAM TO
PROMOTE SOCIAL JUSTICE AND INDUSTRIALIZATION, PROVIDING THE MECHANISM FOR
ITS IMPLEMENTATION, AND FOR OTHER PURPOSES. Approved on June 10, 1988.
8
Rollo, p. 14.
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Decision 3 G.R. No. 193987
On November 21, 2001, the RTC rendered its judgment adopting the
Chairman's report assessing the value of the subject landholdings at
P20,589,373.00. 10
SO ORDERED. 12
9
Id. at 15.
IO
Id.
II
CA Decision dated August 27, 2008 penned by Associate Justice Michael P. Elbinias, with
Associate Justices Rodrigo F. Lim, Jr. and Ruben C. Ayson concurring; id. at 12-22.
12
Id. at 21.
13
Section 17. Determination of Just Compensation.~In determining just compensation, the cost of
acquisition of the land, the current value of the like properties, its nature, actual use and income, the sworn
valuation by the owner, the tax declarations, and the assessment made by government assessors shall be
considered. The social and economic benefits contributed by the farmers and the farmworkers and by the
Government to the property as well as the non-payment of taxes or loans secured from any government
financing institution on the said land shall be considered as additional factors to determine its valuation.
14
Revised Rules and Regulations Governing the Valuation of Lands Voluntarily Offered or
Compulsorily Acquired Pursuant to Republic Act No. 6657.
15
Rollo, pp. 17-19.
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Decision 4 G.R. No. 193987
SO ORDERED. 20
16
Id. at 19-20.
17
Id. at 83-98.
18
Id. at 125-134.
19
Id. at 7-10.
20
ld.at9-IO.
A
Decision 5 G.R. No. 193987
Unsatisfied, the petitioner filed the instant petition before this Court.
The Issue
21
Id. at 8-9.
22
G.R. No. 196140, January 27, 2016.
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Decision 6 G.R. No. 193987
The Court takes note of the fact that in the petitioner's motion for
partial reconsideration, it contended that the 12% legal interest should not be
counted from the time of the taking, considering the absence of delay when
it promptly deposited the initial valuation for the subject landholdings after
the taking of the same and before the respondent's title thereto was
cancelled.
23
Id.
24
Secretary of the Department of Public Works and Highways v. Tecson, G.R. No. 179334, April 21,
2015, 756 SCRA 389, 413.
25
Id. at 414, citing Apo Fruits Corp., et al. v. Land Bank of the Phils., 647 Phil. 25 I, 273 (2010).
26
Land Bank of the Philippines v. Spouses Antonio and Carmen Avancena, G.R. No. 190520, May
30, 2016.
1\
Decision 7 G.R. No. 193987
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31
Land Bank of the Philippines v. Alfredo Hababag, Sr., supra note 29.
Decision 8 G.R. No. 193987
In sum, the respondent has waited too long before the petitioner could
fully pay the amount of just compensation due to it. It is clear that the
respondent voluntarily offered its subject landholdings to be included in the
CARP. The respondent submitted to expropriation and surrendered its
landholdings. Although it initially contested the valuation that the
government made, the respondent accepted the amount finally fixed by the
appellate court. From the time of taking on September 16, 1992 to the
present, it has already been 25 years but the respondent has not yet received
the full amount of just compensation that was due. Thus, the long delay
entitles them to the payment of interest to compensate for the loss of income
due to the taking.
32
Lebrudo, et al. v. Loyola, 660 Phil. 456, 462 (2011 ).
33
Sy v. Local Government o.f Quezon City, 710 Phil. 549, 560 (2013).
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Decision 9 G.R. No. 193987
SO ORDERED.
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(ii'IE~~ENIDO L. REYES
Associate Justice
WE CONCUR:
Associate Justice
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NA~~iat~X:~
CERTIFICATION
'JR.
Ay-Sociate Justice
Chairperson
Decision 10 G.R. No. 193987
CERTIFICATION
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