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Development Bank of the Philippines vs CA, et al.

DEVELOPMENT BANK OF THE PHILIPPINES, Petitioner, versus COURT OF APPEALS, ELPIDIO O. CUCIO, SPOUSES JACINTO GOTANGCO and CHARITY BANTUG,[1] Respondents.

G.R. No. 137916 | 2004-12-08

D E C I S I O N

CALLEJO, SR., J.:

This is a petition for review on certiorari of the Decision[2] of the Court of Appeals (CA) in CA-G.R. CV No. 37873 which affirmed, with modification, the Decision[3] of the Regional Trial Court (RTC) of Palayan City, Branch 40, in Civil Case No. 0061-P.

The Spouses Jacinto Gotangco and Charity Bantug were the owners of seven parcels of land located in Palayan City, with a total area of 21,000 square meters, covered by Transfer Certificates of Title (TCT) Nos. NT-166092 to NT-166098. The Spouses Gotangco were also the awardees of a parcel of land, identified as Lot No. 168, NG-130 (Pls-378), located in...