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Land Bank vs. Kho

LAND BANK OF THE PHILIPPINES, Petitioner, vs. APOLONIO KHO, represented by his heirs, namely: PERLA LUZ, KRYPTON, KOSELL, KYRIN, and KELVIN, all surnamed KHO, Respondents. Present: SERENO, C.J., Chairperson, LEONARDO-DE CASTRO, BERSAMIN, PERLAS-BERNABE, and CAGUIOA, JJ.

G.R. No. 214901 | 2016-06-15

DECISION
 
PERLAS-BERNABE, J.:
 
Before the Court is a petition for review on certiorari1 assailing the Decision2 dated August 29, 2014 of the Court of Appeals of Cebu City (CA) in CA-G.R. SP No. 06365, which affirmed the Decision3 dated August 11, 2011 of the Regional Trial Court of Dumaguete City, Negros Oriental, Branch 32 (RTC), acting as a Special Agrarian Court (SAC), in Civil Case No. 2007-14511, directing petitioner the Land Bank of the Philippines (LBP) to:
 
(a) pay respondents the remaining balance of the just compensation in the amount of Pl,353,008.26, with legal interest at the rate of 12% per annum (p.a.) from May...