This case has been cited 2 times or more.
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2014-03-05 |
BRION, J. |
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| The Court would later reiterate the jurisdictional nature of the deposit in Wong v. City of Iloilo,[21] and pronounce: In this regard, National Housing Authority v. Iloilo City holds that the deposit required under Section 267 of the Local Government Code is a jurisdictional requirement, the nonpayment of which warrants the dismissal of the action. Because petitioners in this case did not make such deposit, the RTC never acquired jurisdiction over the complaints.[22] | |||||
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2011-11-23 |
VILLARAMA, JR., J. |
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| Moreover, Section 83[110] of P.D. No. 464 states that the RTC shall not entertain any complaint assailing the validity of a tax sale of real property unless the complainant deposits with the court the amount for which the said property was sold plus interest equivalent to 20% per annum from the date of sale until the institution of the complaint. This provision was adopted in Section 267 of the Local Government Code, albeit the increase in the prescribed rate of interest to 2% per month.[111] | |||||