ALI asks SC to reconsider decision on Las Piñas land | Inquirer Business

ALI asks SC to reconsider decision on Las Piñas land

By: - Business Features Editor / @philbizwatcher
/ 05:12 AM October 03, 2017

Property giant Ayala Land Inc. has asked the Supreme Court to reconsider its decision that nullified possession of a prime property in Las Piñas that had been converted into a golf club and materials depot.

It was reported on Monday that by virtue of the high court’s ruling, ALI lost ownership of a prime 6.8-hectare lot inside the Ayala Southvale subdivision in Las Piñas. Yu Hwa Ping and Mary Gaw, and the heirs of Andres Diaz and Josefa Mia were declared the rightful owners of the disputed land.

The property is part of consolidated cases which were the subject of the Supreme Court decision covering 46 hectares of land, ALI said in a disclosure to the Philippine Stock Exchange on Monday.

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While the Supreme Court had upheld the claimants’ title on the basis of alleged irregularities in ALI’s predecessors’ survey plan, ALI said it filed its motion for reconsideration last Sept. 28.

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“ALI’s titles can be traced back to original certificates of titles (OCT) that were issued decades prior to the OCTs from which the claimants’ title came from. In particular, ALI’s titles are traced back to OCTs issued in 1950 and 1958 whereas the claimants’ titles are traced back to an OCT issued in 1970,” the disclosure said.

The property developer added that the claimants’ predecessors had opposed ALI’s application and participated, but lost, in the original land registration proceedings which led to the issuance of decrees for registration in favor of ALI’s predecessors. “Thus, claimants are barred by prescription, laches and res judicata matter already judged,” ALI said.

Furthermore, ALI attested that it had purchased the properties after an examination of its derivative titles which—on their face—did not indicate any defect or flaw, thereby making ALI “an innocent purchaser for value.”

Before buying this property, ALI said it had conducted an investigation of titles to the properties and had no notice of any title or claim that was superior to the titles purchased by ALI.

“ALI believes its titles are superior to the claims of these adverse claimants,” the disclosure said.

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TAGS: Ayala Land Inc., Business

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