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Land Bank of the Philippines Vs. Kumassie Plantation Company Incorporated

LAND BANK OF THE PHILIPPINES, Petitioner, versus KUMASSIE PLANTATION COMPANY INCORPORATED, Respondent.

G.R. No. 177404 | 2009-06-25

D E C I S I O N


CHICO-NAZARIO, J.:

Before Us are two consolidated Petitions for Review on Certiorari under Rule 45 of the Rules of Court,[1] docketed as G.R. No. 177404 and G.R. No. 178097, assailing the Decision,[2] dated 24 November 2005, and Resolution,[3] dated 30 March 2007, of the Court of Appeals in CA-G.R. CV No. 65923.

The undisputed facts are as follows:

Kumassie Plantation Company Incorporated (KPCI) is the registered owner of 802.2906 hectares of agricultural land situated in Basiawan, Santa Maria, Davao del Sur, and covered by Transfer Certificate of Title (TCT) No. 646.[4] In 1982, KPCI and Philippine Cocoa Corporation...