SECOND DIVISION
R E S O L U T I O N
PEREZ, J.:
This petition for review on certiorari seeks the reversal of the Decision[1] dated 30 October 2006 of the Court of Appeals in CA-G.R. SP. No. 94038, which annulled the Orders of the Securities and Exchange Commission (SEC) directing Philcomsat Holdings Corporation (PHC) to convene its annual stockholders’ meeting.
The instant case is an offshoot of an intra-corporate dispute among contending groups, i.e., Manuel H. Nieto, Jr. (Nieto) and Africa Groups (headed by Victor Africa), in PHC.
The factual antecedents are as follow:
The...
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