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Securities and Exchange Commission Vs. Picop Resources Inc.

SECURITIES AND EXCHANGE COMMISSION, Petitioner, versus PICOP RESOURCES, INC., Respondent.

G.R. No. 164314 | 2008-09-26

D E C I S I O N


REYES, R.T., J.:

A party generally advocates the rules for his benefit, but invokes exceptions when he violates it. Karaniwang isinusulong ng isang panig ang tuntunin para sa kanyang kapakanan, ngunit humihingi ng pagtatangi kapag siya ang lumalabag nito.

The aphorism finds relevance in this petition for review on certiorari[1] of two Resolutions1-a of the Court of Appeals (CA). The first Resolution denied the motion for extension to file a petition for review, the second denied the motion for reconsideration.

The Facts

On March 26, 2002, respondent PICOP Resources, Inc. (PICOP) filed with petitioner Securities and...