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Land Bank of the Philippines Vs. J. L. Jocson and Sons

LAND BANK OF THE PHILIPPINES, Petitioner, versus J. L. JOCSON AND SONS, Respondent

G.R. No. 180803 | 2009-10-23

D E C I S I O N


CARPIO MORALES, J.:

Subject of the present controversy is a 27.3808-hectare portion (the property) of two (2) parcels of tenanted rice land located at Barangay Magallon Cadre, Moises Padilla, Negros Occidental, covered by Transfer Certificates of Title (TCT) Nos. T-72323 and T-72324 registered in the name of J. L. Jocson and Sons[1] (respondent).

The property was placed under the coverage of the government's Operation Land Transfer[2] (OLT) pursuant to Presidential Decree (P.D.) No. 27[3] and awarded to the tenant-beneficiaries by the Department of Agrarian Reform (DAR), which valued the compensation therefor in the...