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Vicente T. Tan Vs. Court Of Appeals

VICENTE T. TAN, VICTAN & COMPANY, INC., TRANSWORLD INVESTMENT CORPORATION, FIRST INTERNATIONAL INVESTMENT COMPANY, INC., FAR EAST PETROLEUM & MINERALS CORPORATION, and PHILCONTRUST INTERNATIONAL CORPORATION, petitioners, vs. THE HONORABLE COURT OF APPEALS (FORMER SPECIAL FIRST DIVISION), CENTRAL BANK OF THE PHILIPPINES, respondents. Ruperto G. Martin & Associates for petitioners. Agapito S. Fajardo, Jerry P. Rebutoc & Restituto P. Ventura for private respondent.

G.R. No. 90365 | 1991-03-18

D E C I S I O N


SARMIENTO, J.:

The petitioners ask the Court to set aside the Decision of the Court of Appeals 1 dismissing their complaint for reconveyance of shares of stock against the Central Bank. The facts as stated by the respondent court are accurate and we adopt the same. They are as follows:

xxx xxx xxx

Civil Case No. 15707, entitled 'Vicente T. Tan, et al. vs. Central Bank of the Philippines, et al.," is an action for "Reconveyance of Shares of Stock with Damages and Restraining Order" wherein private respondent Vicente T. Tan sought to recover shares of stocks owned by him and his associates in Continental Bank which he had...