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Latchme Motoomull, Et Al. Vs. Joffre Dela Paz, Et Al.

LATCHME MOTOOMULL, and MANUEL LACSON, petitioners, vs. JOFFRE DELA PAZ, FILOMENA ARANAS, LADHO CHUGANI, BHAGWANI CHUGANI, THE COURT OF APPEALS, and THE SECURITIES & EXCHANGE COMMISSION, respondents.

G.R. No. 45302 | 1990-07-24

D E C I S I O N


PARAS, J.:

This is a petition for review on certiorari of the November 4, 1976 resolution * of the Court of Appeals in CA-GR. No. 05108 SP denying the issuance of a writ of preliminary injunction and lifting the restraining order previously issued; and the December 17, 1976 resolution of the same court denying the motion for reconsideration.

All the parties in this case are stockholders of Sarkara Trading Corporation. Said corporation was incorporated on September 7, 1973, with an authorized capital stock of P2,000,000.00, divided into 200,000 shares of the par value of P10.00 per share. Of the authorized stock, 51,500...