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Alfonso S. Tan Vs. Securities And Exchange Commission, Et Al.

ALFONSO S. TAN, petitioner, vs. SECURITIES AND EXCHANGE COMMISSION, VISAYAN EDUCATIONAL SUPPLY CORP., TAN SU CHING, ALFREDO B. UY, ANGEL S. TAN and PATRICIA AGUILAR, respondents.

G.R. No. 95696 | 1992-03-03

D E C I S I O N


PARAS, J.:

Petitioner filed a petition for certiorari against the public respondent Securities and Exchange Commission and its respondents, after the former in an en banc Order, overturned with modification, the decision of its Cebu SEC Extension hearing officer, Felix Chan, in SEC Case No. C-0096, dated May 23, 1989, on October 10, 1990, under SEC-AC No. 263. (Rollo, pp. 3 and 4)
Sought to be reversed by petitioner, is the ruling of the Commission, specifically declaring, that:

"1. Confirming the validity of the resolution of the board of directors of the Visayan Educational Supply Corporation so far as it cancelled...