Timeline (G.R. No. 169453)
Parties Involved: Capitol Steel Corporation (petitioner) owns 65 parcels of land in Misamis Oriental, while Phividec Industrial Authority (respondent) is a government-owned corporation with powers including eminent domain.
Project Identification: Capitol Steel's properties were identified as ideal for the Mindanao International Container Terminal Project (MICTP) by PHIVIDEC.
Initial Expropriation Case: On August 24, 1999, PHIVIDEC filed an expropriation case (Civil Case No. 99-477) before the RTC of Misamis Oriental.
Writ of Possession Issued: The RTC issued a writ of possession in favor of PHIVIDEC on September 1, 1999.
Case Dismissal: The expropriation case was dismissed due to PHIVIDEC's unauthorized engagement of a private lawyer, allowing for a re-filing.
Request for Revaluation: Capitol Steel requested a revaluation of its properties from the Technical Committee on Real Property Valuation (TCRPV) on March 27, 2001.
TCRPV Resolution: On December 11, 2001, TCRPV issued a resolution valuing the properties at P700 per square meter.
Supreme Court Decision: The Supreme Court annulled the proceedings of Civil Case No. 99-477 on October 23, 2003.
New Expropriation Case Filed: PHIVIDEC filed a new expropriation case (Civil Case No. 2003-346) on November 24, 2003.
Deposit Notification: On November 21, 2003, PHIVIDEC informed Capitol Steel of a...continue reading