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LAND BANK OF THE PHILIPPINES, PETITIONER, VS. AMERICAN RUBBER CORPORATION, RESPONDENT.

LAND BANK OF THE PHILIPPINES, PETITIONER, VS. AMERICAN RUBBER CORPORATION, RESPONDENT.

G.R. No. 188046 | 2013-07-24

FIRST DIVISION

D E C I S I O N

VILLARAMA, JR., J.:

Before us is a petition for review on certiorari filed by Land Bank of the Philippines (LBP) assailing the August 26, 2008 Decision[1] and May 12, 2009 Resolution[2] of the Court of Appeals (CA)-Mindanao Station in CA-G.R. SP No. 00990-MIN which affirmed with modification the Orders[3] dated June 16, 2005 and March 14, 2006 of the Regional Trial Court (Special Agrarian Court [SAC]) of Pagadian City, Branch 18.

The facts follow:

American Rubber Corporation (respondent) is the registered owner of two parcels of land with a combined area of 940.7276 hectares situated in Barangay Baluno, Isabela...