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LBP vs. Macaraeg

LAND BANK OF THE PHILIPPINES, PETITIONER, VS. MILAGROS DE JESUS­ MACARAEG, RESPONDENT.

G.R. No. 244213 | 2021-09-14

FIRST DIVISION

D E C I S I O N
 
LAZARO-JAVIER, J.:
 
The Case

This petition assails the Decision[1] dated February 15, 2018 and Resolution[2] dated January 9, 2019 of the Court of Appeals in CA-G.R. SP No. 06849-MIN filing just compensation for the subject property at P1,271,523.91 and imposing twelve percent (12%) legal interest per annum on the amount due from the time of taking until fully paid.
 
Antecedents

Respondent Milagros De Jesus-Macaraeg (Milagros) is the registered owner of a 15.1836 hectare parcel of land located in Cawayan, Calinan, Davao City under Transfer Certificate of Title (TCT) No. T-77552....