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Terelay Investment vs. Development Corporation

TERELAY INVESTMENT AND DEVELOPMENT CORPORATION, PETITIONER, VS. CECILIA TERESITA J. YULO, RESPONDENT.

G.R. No. 160924 | 2015-08-05

D E C I S I O N
 
BERSAMIN, J.:
 
In its desire to block the inspection of its corporate books by a stockholder holding a very insignificant shareholding, the petitioner now seeks to set aside the judgment promulgated on September 12, 2003,[1] whereby the Court of Appeals (CA) affirmed the decision rendered on March 22, 2002 by the Regional Trial Court, Branch 142, in Makati City (RTC) allowing the inspection, and ordering it to pay attorney's fees of P50,000.00 to the stockholder.[2]

With the CA having denied the petitioner's motion for reconsideration and motion for oral argument through the resolution promulgated on...