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Skyworld Condominium Owners Assoc. Vs. Securities And Exchange Comm.

SKYWORLD CONDOMINIUM OWNERS ASSOCIATION, INC., petitioners, vs. SECURITIES AND EXCHANGE COMMISSION and BAGUIO SKYWORLD CONDOMINIUM, respondents.

G.R. No. 95778 | 1992-07-17

D E C I S I O N


GUTIERREZ, JR., J.:

This is a petition to review the decision of the Securities and Exchange Commission (SEC), en banc. The petition was reinstated after a reconsideration of two previous resolutions of this Court denying the same for non-compliance with the required payment of costs and clerk's commission, and after recalling the entry of judgment issued on February 6, 1992. We also decided to treat the petition as an exception to the rule that SEC decisions must first pass the intermediate appeal process.

Petitioner Skyworld Condominium Owners Association, Inc. (SCOAI) was the appellant in SEC-AC No. 297. Its appeal...