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Philippine Veterans Bank vs. Bases Conversion and Development Authority

PHILIPPINE VETERANS BANK, PETITIONER, VS. BASES CONVERSION AND DEVELOPMENT AUTHORITY, MARCELO SAGUN, AND EDNER SAGUN, RESPONDENTS.

G.R. No. 217492 | 2021-10-04

SECOND DIVISION
 
 
D E C I S I O N
 
HERNANDO, J.:
 
Before this Court is a petition for review on certiorari[1] challenging the June 16, 2014 Decision[2] and February 17, 2015 Resolution[3] rendered by the Court of Appeals (CA), which affirmed the award of just compensation by the Regional Trial Court (RTC) to respondents Marcelo Sagun (Marcelo) and Edner Sagun (Edner; collectively, the Saguns) instead of petitioner Philippine Veterans Bank (PVB).
 
Antecedent Facts:
 
In 2003, respondent Bases Conversion Development Authority (BCDA) instituted several expropriation proceedings for acquisition of...