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N. S. Raniel, et al. vs. P. Jachico, et al

NECTARINA S. RANIEL and MA. VICTORIA R. PAG-ONG, Petitioners, versus PAUL JOCHICO, JOHN STEFFENS and SURYA VIRIYA, Respondents.

G.R. No. 153413 | 2007-03-02

D E C I S I O N
 


AUSTRIA-MARTINEZ, J.:

Assailed in the present Petition for Review on Certiorari is the Decision[1] of the Court of Appeals (CA) dated April 30, 2002, affirming with modification the Decision dated October 27, 2000 rendered by the Securities and Exchange Commission (SEC) which held as valid the removal of petitioners Ma. Victoria R. Pag-ong (Pag-ong) as director and Nectarina S. Raniel (Raniel) as director and corporate officer of Nephro Systems Dialysis Center (Nephro).

Petitioners first questioned their removal in SEC Case No. 02-98-5902 for Declaration of Nullity of the Illegal Acts of Respondents, Damages and...