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LAND BANK OF THE PHILIPPINES, PETITIONER, VS. HONEYCOMB FARMS CORPORATION, RESPONDENT.

LAND BANK OF THE PHILIPPINES, PETITIONER, VS. HONEYCOMB FARMS CORPORATION, RESPONDENT.

G.R. No. 169903 | 2012-02-29

The petition for review before us assails the decision[1] dated March 31, 2005 of the Court of Appeals (CA) in CA-G.R. CV No. 66023, which affirmed with modification the judgment dated July 6, 1999 rendered by the Regional Trial Court (RTC) of Masbate, Masbate, Branch 48, acting as a Special Agrarian Court (SAC) in Special Civil Case No. 4323 for Determination and Payment of Just Compensation. The petition also prays for the reversal of the resolution of the CA,[2] dated October 4, 2005, denying reconsideration.cralaw
FACTUAL ANTECEDENTSHoneycomb Farms Corporation (Honeycomb Farms) was the registered owner of two parcels of agricultural...