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Land Bank of the Philippines vs. Court of Appeals, et al.

LAND BANK OF THE PHILIPPINES, Petitioner, vs. COURT OF APPEALS and ELIZABETH DIAZ, represented by FRANCISCA P. DE GUZMAN as Attorney-in-Fact, Respondents.

G.R. No. 190660 | 2011-04-11


THIRD DIVISION

D E C I S I O N


CARPIO MORALES, J.:


Private respondent Elizabeth P. Diaz (Elizabeth) was the registered owner of a parcel of agricultural land measuring approximately 15 hectares, situated in San Ricardo, Talavera, Nueva Ecija and covered by Transfer Certificate of Title (TCT) No. 197132. Ten hectares of the land were expropriated by the Department of Agrarian Reform (DAR) under Presidential Decree No. 27 and Executive Order No. 228.


The DAR valued the expropriated land (the land) at P54,880.59 plus increment of P143,041.59 or a total of P197,922.18. Not satisfied with the valuation, Elizabeth, through her attorney-in-fact...