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Provident International Resources Corp., et al. Vs. Joaquin T. Venus, et al.

PROVIDENT INTERNATIONAL RESOURCES CORPORATION, represented by Edward T. Marcelo, Constancio D. Francisco, Anna Melinda Marcelo-Revilla, Lydia J. Chuanico, Daniel T. Pascual, Linda J. Marcelo, John Marcelo, Celia C. Caburnay and Celedonio P. Esca?o, Jr., and CELEDONIO ESCA?O, JR., Petitioners, versus JOAQUIN T. VENUS, JOSE MA. CARLOS L. ZUMEL, ALFREDO D. ROA III, LAZARO L. MADARA and SANTIAGO ALVAREZ, JR., Respondents.

G.R. No.167041 | 2008-06-17

DECISION


QUISUMBING, J.:

For review on certiorari are the Decision[1] dated December 13, 2004 and Resolution[2] dated February 3, 2005 of the Court of Appeals in CA-G.R. SP No. 77672, which set aside the Order[3] dated May 27, 2003, of the Securities and Exchange Commission (SEC) En Banc in CRMD-AA-Case No. 04-03-22.

The pertinent facts are as follows:

Petitioner Provident International Resources Corporation (PIRC) is a corporation duly organized under Philippine law. It was registered with the SEC on September 20, 1979. Edward T. Marcelo, Constancio D. Francisco, Lydia J. Chuanico, Daniel T. Pascual, and Jose A. Lazaro,...