This case has been cited 1 times or more.
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2011-07-27 |
VILLARAMA, JR., J. |
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| In the meantime, following this Court's ruling in Land Bank of the Philippines v. Listana, Sr. (supra) which voided all contempt proceedings against LBP Manager Lorayes, petitioner filed with the RTC a motion to withdraw the P5,644,773.02 cash bond. The RTC denied the motion and petitioner's motion for reconsideration was likewise denied. Petitioner challenged the trial court's order before the CA which eventually dismissed the petition. When the case was elevated to this Court, we affirmed the CA and sustained the RTC's orders denying LBP's motion to withdraw the cash bond. By Decision dated May 30, 2011, we ruled that LBP cannot withdraw the P5,644,773.02 cash bond which is a condition for the issuance of the writ of preliminary injunction issued by the RTC enjoining the PARAD from implementing the warrant of arrest against Manager Lorayes pending final determination of the amount of just compensation for the property.[17] | |||||