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G. L. Enterprises, Inc., et al. vs. Alberto V. Se?eris, et al.

G.L. ENTERPRISES, INC., MARIO J. FELICIANO, SR., JOSE E. MU?OZ, IRENEO COMPRENDIO, ELENA RAFOLS, LUCIANO ESPIRITU-SANTO, MAXIMO PI?ERO, VICTORIANO DELES, ISMAEL BUDLONG, CRESENCIANO D. ASANA, BALTAZAR CASIMIRO, DANIEL M. ZAMORA, ARNULFO CASTRO, SOTERO D. ASANA, MARIANO ALMAZAN, JESUS ALMAZAN, CATALINO P. PANTALEON, CHARLES QUINES, SATURNINO TORRES, BIENVENIDO G. GUTIERREZ, EDUARDO GUZMAN, MANUEL FRANCISCO, EMILIO BUCOY, JR., VICTORIO P. GARCIA, ERNESTO ESPALDON, AMALIO RONDAEL, RAMON NUNAL, NICOLAS BALE?A, RODRIGO P. GUERRERO, LUIS B. DE LA CRUZ, RAFAEL P. HELEN, EMILIANO N. GOMEZ, AURELIO M. GOMEZ, CALIXTO N. ABONG, FELIX B. TORRALBA, REGINO G. LUNA, ISABEL VDA. DE NUNAL, DIOSDADO "JOHNNY" M. LEWIS and ARACELI R. LEWIS, petitioners, vs. JUDGE ALBERTO V. SE?ERIS, CFI ZAMBOANGA Branch II, Zamboanga City, MAXIMO PEREZ, CRISTINO M. PARAGAS, ABELARDO M. BARRIOS, SALIH SARAL, CELSO A. FERNANDEZ, CLAUDIO C. ATILANO, ZAMBOANGA COMMERCIAL and TRADING CORPORATION and the BOARD OF LIQUIDATORS, respondents.

G.R. No. L-47418 | 1982-02-15

R E S O L U T I O N


AQUINO, J.:

This case is about the jurisdiction of the courts and the Securities and Exchange Commission over intracorporate controversies and over the validity of the sale of the property of a corporation to a third person.

Guerrilla Legion, Inc. on April 26, 1949 purchased from the Philippine Alien Property Administration for P28,703.64 a 369-square meter lot, formerly owned by a Japanese national, located at the corner of Guardia Nacional and Tomas Claudio Streets in the business center of Zamboanga City (p. 133, Rollo). A Chinese, who leased the lot, constructed a concrete building thereon with the understanding...