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Land Bank vs. Heirs of the Estate of De Veneracion

LAND BANK OF THE PHILIPPINES, PETITIONER, VS. HEIRS OF THE ESTATE OF MARIANO AND ANGELA VDA. DE VENERACION, NAMELY: PORFERIA V. VIDOLA, ENRIQUETA Q. VENERACION, SONIA VDA. DE VENERACION, REMEDIOS VDA. DE MARASIGAN, SOLDELICIA V. FLORES, JOSE Q. VENERACION, ROSARIO VDA. DE VENERACION, AND CRISOSTOMO Q. VENERACION, REPRESENTED BY THEIR ATTORNEY-IN-FACT, CRISOSTOMO Q. VENERACION, REPRESENTED BY THEIR ATTORNEY-IN-FACT, CRISOSTOMO Q. VENERACION, RESPONDENTS.

G.R. No. 233401 | 2019-06-17

D E C I S I O N
 
PERLAS-BERNABE, J.:
 
Assailed in this petition for review on certiorari[1] are the Decision[2] dated April 25, 2017 and the Resolution[3] dated August 10, 2017 of the Court of Appeals (CA) in CA-G.R. SP No. 132400, affirming the Decision[4] dated September 6, 2013 of the Regional Trial Court of Naga City, Branch 23 (RTC) in Civil Case No. 99-4225, which fixed the just compensation for the subject land at P1,523,204.50[5] using the formula[6] under Department of Agrarian Reform (DAR) Administrative Order (AO) No. 1, Series of 2010,[7] with the modification imposing legal interest on the just compensation at 12% per...