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State Investment House, Inc. vs. CA, et al.

STATE INVESTMENT HOUSE, INC., petitioner, vs. COURT OF APPEALS, SECURITIES AND EXCHANGE COMMISSION, EDGAR OBLIMAR, ABE ESTRADA and the 2,081 complainants-laborers in NLRC Case No. 9-3296-84 represented by FLORANTE M. YAMBOT, respondents.

G.R. No. 89767 | 1992-02-19

D E C I S I O N

GUTIERREZ, JR., J:

These consolidated petitions involve properties formerly owned by the Philippine Blooming Mills, Inc. (PBM) which is now under the rehabilitation and receivership of the Securities and Exchange Commission (SEC Case No. 2250, "In the matter of the Petition for Suspension of Payments").

In G.R. No. 89767, the petitioner questions the decision of the Court of Appeals which affirmed the validity of the Order dated May 26, 1989 issued by the Securities and Exchange Commission (SEC) in SEC Case No. 2250 granting the respondents' motion for the issuance of a break-open Order for the purpose of implementing the...