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Metroplex Berhad and Paxell Investment Limited vs. Sinophil Corporation

METROPLEX BERHAD AND PAXELL INVESTMENT LIMITED, PETITIONERS, VS. SINOPHIL CORPORATION, BELLE CORPORATION, DIRECTOR BENITO A. CATARAN, IN HIS CAPACITY AS HEAD OF THE COMPANY REGISTRATION AND MONITORING DEPARTMENT DIRECTOR JUSTINA F. CALLANGAN, IN HER CAPACITY AS HEAD OF THE CORPORATION FINANCE DEPARTMENT, ASST. DIRECTOR FERDINAND B. SALES, IN HIS CAPACITY AS HEAD OF CORPORATE AND PARTNERSHIP REGISTRATION DIVISION, ASST. DIRECTOR YOLANDA L. TAPALES, IN HER CAPACITY AS HEAD OF THE FINANCIAL ANALYSIS AND AUDIT DIVISION, AND JOHN DOES, RESPONDENTS.

G.R. No. 208281 | 2021-06-28

DECISION
 
HERNANDO, J.:
 
This Petition for Review on Certiorari[1] with Application for the Issuance of a Temporary Restraining Order and/or Writ of Preliminary Injunction seeks the reversal of the January 29, 2013 Decision[2] and July 17, 2013 Resolution[3] of the Court of Appeals (CA) in CA G.R. SP No. 107942.

The appellate court affirmed in toto the February 26, 2009 Order[4] of the Securities and Exchange Commission (SEC) En Banc finding no error in its Operating Departments' approval of the reduction of Sinophil Corporation's (Sinophil) capital stock.

The Antecedents:

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