Spouses Carpo vs. Ayala Land Digest

Spouses Carpo vs. Ayala Land FACTS: On February February 16, 1995, petitioner spouses Morris and Socorro Socorro Carpo (Carpos) fed a Co!paint "or #uietin$ #uietin$ o" Tite %it& t&e 'TC o" Maati City a$ainst Ayaa Corporation, Ayaa roperty *entures Corporation (A*C), and t&e 'e$ister o" +eeds o" as ias.n t&eir Co!paint, t&e Carpos cai!ed to be t&e o%ners o" a 1/1,092s3uare !eter parce o" and co4ered by Trans"er Certifcate o" Tite (TCT) (TCT) o- 09667 issued in t&eir na!es- T&ey "urt&er ae$ed t&at Ayaa Ayaa Corporation %as cai!in$ to &a4e tites (specifcay, TCT os- 10595, T2766, T276/ and T2768) o4er t&e property co4ered by t&e Carpos TCT o09667 and t&at Ayaa Corporation &ad !ade suc& property its e3uity contribution in A*C to be de4eoped into a residentia subdi4isionAccordin$ to t&e co!paint, TCT os- 10595, T2766, T276/ T276/ and T2768 and t&eir deri4ati4es appear to &a4e been issued in t&e na!e o" Ayaa and purport to co4er and e!brace t&e Carpos property or portion t&ereo" duy co4ered re$istered under t&e aready inde"easibe and incontro4ertibe TCT o- 09667 are in&erenty in4aid and en"orceabe (sic) "or not bein$ t&e duy issued deri4ati4es o" t&e Carpos tite- T&e Carpos additionay appied "or a restrainin$ order and %rit o"  prei!inary in;unction to en;oin Ayaa Corporation and A*C "ro! doin$ construction and de4eop!ent %ors on t&e properties in purported 4ioation o" t&e Carpos ri$&ts.n its Ans%er, A. pointed out t&at t&e areas co4ered by TCT os- T2766, T276/, and T2768 do not o4erap %it& t&e Carpos< cai!ed property and t&e dispute pertained ony to t&e and co4ered by t&e Carpos< TCT o- 09667 and TCT o T25777  T25777 in t&e na!e o" as i=as *entures, *entures, .nc- (*.) %&ic& %as deri4ed "ro! TCT o- 10595 in t&e na!e o" Ayaa Corporation- .t appeared t&at Ayaa Corporation contributed t&e property to *. and *. &ad, in turn, aso !er$ed %it& A.- Furt&er, A. ae$ed t&at it is t&e true o%ner o" t&e property co4ered by TCT o- T25777 as it traces bac its tite to Ori$ina Certifcate o" Tite (OCT) o- 00 issued in 195 %&ie t&e Carpos< tite %as deri4ed "ro! OCT o- 85/5 issued ony in 19/- A. aso cai!ed t&e Carpos< co!paint %as barred by res ;udicata in 4ie% o" t&e 191 decision o" t&is Court in >uico 4- San edro %&ic& up&ed t&e o%ners&ip o" a certain ?duardo >uico o4er t&e sub;ect property as ot 7, o" su2 8886 o4er t&e cai! o" a certain Forentino @ataar %&o %as assertin$ o%ners&ip o" t&e sa!e under &is pan, su256/ T&e 'TC 'TC rued t&at t&e Carpos< tite is superior to t&at o" A.- T&e CA re4ersed 'TC
o" its i!!ediate trans"eror- .t !ay rey soey, as it did, on t&e correctness o" t&e certifcate o" tite issued "or t&e sub;ect property and t&e a% %i in no %ay obi$e it to $o be&ind t&e certifcate o" tite to deter!ine t&e condition o" t&e property T&is is t&e "unda!enta nature o" t&e Torrens Syste! o" and re$istration, to $i4e t&e pubic t&e ri$&t to rey upon t&e "ace o" a Torrens certifcate o" tite and to dispense %it & t&e need o" in3uirin$ "urt&er&ere"ore, t&e petition is +?.?+-