Back

Julio E.T.Sales vs. Securities & Exchange Comm.

JULIO E. T. SALES and GEORGE V. AGONIAS, in their own behalf, and in behalf of SIPALAY MINING EXPLORATION CORPORATION, as minority stockholders thereof, and SIPALAY MINING EXPLORATION CORPORATION, petitioners, vs. SECURITIES AND EXCHANGE COMMISSION, STATE INVESTMENT HOUSE, INC., represented by its President, ANSELMO TRINIDAD; ANSELMO TRINIDAD CO., INC., represented by its President, ANSELMO TRINIDAD; and VULCAN INDUSTRIAL AND MINING CORP., represented by its President, WALTER W. BROWN; AFREDO C. RAMOS, ANNABELLE P. BROWN, WALTER W. BROWN, MANUEL C. DIAZ, and AUGUSTO B. SUNICO, respondents.

G.R. No. 54330 | 1989-01-13

D E C I S I O N


CORTES, J.:

Alleging grave abuse of discretion amounting to lack of jurisdiction, petitioners, in this petition for certiorari and prohibition with preliminary injunction, seek to have this Court set aside the orders of respondent Securities and Exchange Commission (hereinafter referred to as SEC) dated June 13, 1980 and July 17, 1980, and the issuance of an order: (1) restraining the SEC, its officers and agents from enforcing its order to create the committee to supervise and control the conduct of the proceedings in the annual stockholders' meeting of Sipalay Mining Exploration Corporation and from stopping the Board...