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Twin Towers Condominium Corporation vs The CA, Als Management & Development Corporation, Antonio Litonjua And Securities And Exchange Commission

TWIN TOWERS CONDOMINIUM CORPORATION, petitioner, vs. THE COURT OF APPEALS, ALS MANAGEMENT & DEVELOPMENT CORPORATION, ANTONIO LITONJUA and SECURITIES AND EXCHANGE COMMISSION, respondents.

G.R. No. 123552 | 2003-02-27

D E C I S I O N

CARPIO, J.:

The Case

Before us is a petition for review on certiorari[1] to nullify the Decision[2] dated August 31, 1995 of the Court of Appeals and its Resolution[3] dated January 16, 1996 denying petitioner's motion for reconsideration. The Court of Appeals dismissed petitioner's appeal from the Decision en banc[4] of the Securities and Exchange Commission, which reversed the order of the SEC Hearing Officer.[5] The Court of Appeals dismissed the appeal for lack of merit and for non-compliance with the requirement on certification of non-forum shopping.[6]

The Antecedent Facts

On June 30, 1988, petitioner Twin...