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Phil. Pacific Fishing Co., Inc., et al. vs. Artemon D. Luna, et al.

PHILIPPINE PACIFIC FISHING CO., INC., CHENG YONG, LILIA GAW and CHENG GUAT, petitioners, vs. HON. ARTEMON D. LUNA, Judge of the Court of First Instance of Manila; YOSHIO YAMAMOTO and MARILYN A. JAVIER, respondents.

G.R. No. 59070 | 1982-03-15

D E C I S I O N


BARREDO, J.:

Petition for certiorari and prohibition to annul and set aside as acts in excess of jurisdiction and/or a grave abuse of discretion the order of respondent judge, which, briefly characterized, amount to an assumption of jurisdiction by a Court of First Instance and its exercise of the power to review actuations of the Securities and Exchange Commission. Notably, the respondents have not filed any answer, required by the Court's resolution of December 16, 1981.

The background facts are simple. As alleged in the petition which by their very nature, and because they are not denied, anyway, respondents having...