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Commart (Phils.), Inc., Et Al. Vs. Securities & Exchange Commission, Et Al.

COMMART (PHILS.), INC., JESUS, CORAZON, ALBERTO, AND BERNARD all surnamed MAGLUTAC, petitioners, vs. SECURITIES & EXCHANGE COMMISSION and ALICE MAGLUTAC, respondents. Monsod, Tamargo & Associates for petitioners. Panganiban, Benitez, Barinaga & Bautista Law Offices for private respondent.

G.R. No. 85318 | 1991-06-03

D E C I S I O N


PARAS, J.:

Petitioners, in the instant petition for review on certiorari, seek the reversal of the en banc Order of the respondent Securities & Exchange Commission dated September 12, 1988 denying the petition for certiorari (SEC-EB No. 115-117) filed by the petitioners herein and ordering that the original complaint (SEC Case No. 2673) be remanded to the Securities Investigation and Clearing Department for further proceeding, for having been rendered in grave abuse of discretion amounting to lack of or in excess of jurisdiction and in contravention of existing laws and jurisprudence.

Commart (Phils.), Inc., (Commart...