Back

Madrigal vs. Rodas

VICENTE MADRIGAL, petitioner, vs. SOTERO RODAS, Judge of First Instance of Manila, MAGDALENA ESTATE, INC. and CONSOLIDATED INVESTMENTS, INC., respondents.

G.R. No. L-1636 | 1948-02-24

D E C I S I O N

PADILLA, J:

Out of the sale of 96,000,000 common shares of the Consolidated Investments, Inc., at P0.01 par value each, constituting a controlling block of shares, claimed to have been made by the corporation to the petitioner on 15 November 1943, a controversy arose between the latter, on the one hand, and the corporation, five of its eleven directors, and the Magdalena Estate, Inc., on the other. The controversy is the subject-matter of an action brought on 21 January 1944 in the Court of First Instance of Manila where the case is now pending (Civil Case No. R-1809; Exhibit A). In the complaint filed by the petitioner,...