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E. G. V. Realty Development Corp. vs Court of Appeals

E.G.V. REALTY DEVELOPMENT CORPORATION and CRISTINA CONDOMINIUM CORPORATION, petitioners, vs. COURT OF APPEALS and UNISHPERE INTERNATIONAL, INC. respondents.

G.R. No. 120236 | 1999-07-20

D E C I S I O N


KAPUNAN, J.:

This petition for review on certiorari seeks to set aside the decision and resolution of the Court of Appeals rendered on February 17, 1995 and on May 15, 1995, respectively, in CA-G.R. SP No. 22735 reversing the order of the Securities and Exchange Commission (SEC) in SEC-AC No. 271 issued on August 21, 1990.

The following facts are not disputed:

Petitioner E.G.V. Realty Development Corporation (hereinafter referred to as E.G.V. Realty) is the owner/developer of a seven-storey condominium building known as Cristina Condominium. Cristina Condominium Corporation (hereinafter referred to as CCC) holds title...