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Land Bank vs. Spouses Avancena

LAND BANK OF THE PHILIPPINES, PETITIONER VS. SPOUSES ANTONIO AND CARMEN AVANCENA, RESPONDENTS.

G.R. No. 190520 | 2016-05-30

D E C I S I O N
 
PERALTA, J.:
 
Before us is a petition for review on certiorari filed by petitioner Land Bank of the Philippines seeking to annul and set aside the Decision[1] dated August 11, 2008 of the Court of Appeals (CA) issued in CA-G.R. CV No. 00067 directing it to pay twelve percent (12%) interest per annum for the delay in the payment of just compensation. Also assailed is the CA Resolution[2] dated December 1, 2009 denying reconsideration thereof.

Respondents-spouses Antonio and Carmen Avanceña were the registered owners of a parcel of agricultural land situated at Sanghan, Cabadbaran, Agusan del Norte covered by...