republic v holy.docx - FRANCIS JAMES C PAGDANGANAN JD1A Republic v Holy Trinity Realty Development Corporation(HTRDC GR No 172410 Facts Petitioner

republic v holy.docx - FRANCIS JAMES C PAGDANGANAN JD1A...

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FRANCIS JAMES C. PAGDANGANAN JD1A Republic v. Holy Trinity Realty Development Corporation (HTRDC) GR No. 172410. Facts: Petitioner, represented by Toll Regulatory Board (TRB), filed before the RTC of Malolos, Bulacan a Consolidated Complaint for Expropriation against landowners HTRDC. TRB filed a motion for the issuance of a Writ of Possession, manifesting that it deposited a sufficient amount to cover the payment of 100% of the zonal value of the affected properties, in the total amount of PhP 28,406,700.00, with Land Bank South Harbor Branch. The RTC issued, the Writ of Possession. On March 3, 2003, HTRDC filed with the RTC a Motion to Withdraw Deposit, praying that the respondent be allowed to withdraw the amount of PhP 22,968,000.00, out of the TRB’s advance deposit of PhP 28,406,700.00, including the interest which accrued thereon. The RTC issued an Order, on April 21, 2003, directing Land bank South Harbor Branch to release in favor of HTRDC the amount of PhP22, 968,000.00. However, the issue on the interest earned by the amount deposited in the bank, if there any, should still be threshed out. On March
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