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National Transmission Corporation vs. Religious of the Virgin Mary

NATIONAL TRANSMISSION CORPORATION, PETITIONER, VS. RELIGIOUS OF THE VIRGIN MARY, REPRESENTED BY SIS. MA. TRANQUILINA T. YAMBAO, RESPONDENT.

G.R. No. 245266 | 2022-08-01

D E C I S I O N
 
LEONEN, SAJ.:
 
Just compensation must not only be fairly and reasonably assessed, but must also be promptly paid. It shall be reckoned from the time the private property is taken for public use. Any delay in the payment of just compensation entails the accrual of legal interest beginning from the time of actual taking, considering the deprivation of property and loss of potential income suffered by the owner.
 
This Court resolves the Petition for Review on Certiorari[1] under Rule 45 of the 1997 Rules of Civil Procedure filed by the National Transmission Corporation (TransCo), praying that the Decision[2]...