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A & A Continental Comm. Phil., Inc. Vs. Securities And Exchange Comm., Et Al.

A & A CONTINENTAL COMMODITIES PHILIPPINES, INC., petitioner, vs. SECURITIES AND EXCHANGE COMMISSION and ROLANDO G. AGUILA, respondents.

G.R. No. 55343 | 1993-08-16

D E C I S I O N


MELO, J.:

In the instant petition for certiorari and prohibition, petitioner A & A Continental Commodities Philippines, Inc., seeks to annul and set aside the order dated September 24, 1980, issued by respondent Securities and Exchange Commission (SEC for brevity) in SEC Case No. 1886 and to dismiss said case. The impugned order was promulgated prior to the issuance on February 27, 1991, of Circular No. 1-91 which mandates elevation of an appeal from a final order or decision of the Securities and Exchange Commission to the Court of Appeals.

The relevant facts of the case, culled from the record, are as follows:

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