Expropriation
In SSS’s healthy, the pension fund noted that the NGCP at the beginning “expropriated” 42,218 square meters (square) or 4.218 hectares but later increased the “expropriated” location to 60,872 square or 6.872 hectares. It also valued SSS’s property at a low of P24,000 in line with square and deposited P1.461 billion with the Office of the Clerk of Court.
However, the SSS stated that based totally on zonal price, its 6.872-hectare property turned into worth P185,000 according to square, or a complete price of P11,261,320,000.
The SSS advised Supreme Court that despite NGCP’s low valuation, “Judge Palamos issued a writ of ownership (to NGCP) with out first resolving NGCP’s authority to expropriate a central authority assets.” It additionally emphasised in its petition that the “absence of NGCP’s specific authority to collect public belongings nullifies Judge Palamos’ issuance of a writ of possession.”
Finally, the SSS asked the high courtroom to nullify the order of Bibat-Palamos awarding SSS’s belongings to NGCP. The selection of the excessive court will middle on whether or now not “expropriation” is an one-of-a-kind domain of presidency. Isn’t the Supreme Court’s definition of the time period worth watching for? Just asking.
In SSS’s healthy, the pension fund noted that the NGCP at the beginning “expropriated” 42,218 square meters (square) or 4.218 hectares but later increased the “expropriated” location to 60,872 square or 6.872 hectares. It also valued SSS’s property at a low of P24,000 in line with square and deposited P1.461 billion with the Office of the Clerk of Court.
However, the SSS stated that based totally on zonal price, its 6.872-hectare property turned into worth P185,000 according to square, or a complete price of P11,261,320,000.
The SSS advised Supreme Court that despite NGCP’s low valuation, “Judge Palamos issued a writ of ownership (to NGCP) with out first resolving NGCP’s authority to expropriate a central authority assets.” It additionally emphasised in its petition that the “absence of NGCP’s specific authority to collect public belongings nullifies Judge Palamos’ issuance of a writ of possession.”
Finally, the SSS asked the high courtroom to nullify the order of Bibat-Palamos awarding SSS’s belongings to NGCP. The selection of the excessive court will middle on whether or now not “expropriation” is an one-of-a-kind domain of presidency. Isn’t the Supreme Court’s definition of the time period worth watching for? Just asking.
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