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Ayala Land, Inc. vs. Castillo [RESOLUTION]

AYALA LAND, INC. AND CAPITOL CITIFARMS, INC., PETITIONERS, VS. SIMEONA CASTILLO, LORENZO PERLAS, JESSIELYN CASTILLO, LUIS MAESA, ROLANDO BATIQUIN, AND BUKLURAN MAGSASAKA NG TIBIG, AS REPRESENTED BY THEIR ATTORNEY-IN-FACT, SIMEONA CASTILLO, RESPONDENTS.

G.R. No. 178110 | 2016-01-12

 
 
R E S O L U T I O N
 
SERENO, C.J.:
 
To grant this Motion for Reconsideration is to reverse several doctrines that build up a stable judicial system.

First, the doctrine of finality of judgment. The doctrine is grounded on the fundamental principle of public policy and sound practice that, at the risk of occasional error, the judgment of courts and the award of quasi-judicial agencies must become final on some definite date fixed by law.

On 29 August 1995, the Supreme Court in G.R. Nos. 85960 and 92610 allowed the Bangko Sentral ng Pilipinas, as receiver, to sell the assets of the Manila Banking Corporation...