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LAND BANK OF THE PHILIPPINES, PETITIONER, VS. HEIRS OF JESUS ALSUA, REPRESENTED BY BIBIANO C. SABINO, RESPONDENTS.

LAND BANK OF THE PHILIPPINES, PETITIONER, VS. HEIRS OF JESUS ALSUA, REPRESENTED BY BIBIANO C. SABINO, RESPONDENTS.

G.R. No. 211351 | 2015-02-04

FIRST DIVISION
 
D E C I S I O N

PERLAS-BERNABE, J.:

Assailed in this petition for review on certiorari1 are the Decision2 dated October 31, 2013 and the Resolution3 dated February 18, 2014 of the Court of Appeals (CA) in CA-G.R. SP No. 127483, fixing the just compensation for respondents’ 47.4535-hectare (ha.) land at P2,465,423.02, less the initial valuation already paid in the amount of P1,369,708.02, with legal interest at the rate of 12% per annum (p.a.) from November 13, 2001 to June 30, 2013, and 6% p.a. from July 1, 2013 until full satisfaction, using the formula stated in Department of Agrarian Reform (DAR)...