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Jose G. Ricaford Vs. Felix L. Moya

JOSE G. RICAFORD, CONRADO T. CALALANG NATIONWIDE DEVELOPMENT CORPORATION and AGUINALDO DEVELOPMENT CORPORATION, petitioners, vs. HON. FELIX L. MOYA, Judge, CFI, Davao, Br. II, BLACK MOUNTAIN, INC., TETRA MANAGEMENT CORPORATION and the ENERGY CORPORATION, respondents. Sycip, Salazar, Hernandez & Gatmaitan for petitioners. Reymundo P.G. Villarica and Siguion Reyna, Montecillo & Ongsiako for private respondents.

G.R. No. 59114 | 1991-03-18

D E C I S I O N


NARVASA, J.:

With this judgment, the Court writes finis to a controversy principally involving two (2) groups of individuals, which has given rise to no less than eleven (11) actions and proceedings: three (3) in the Court of First Instance, two (2) in the Securities and Exchange Commission, and six (6) in this Court.

The roots of the controversy go as far back as 1978, to a deed of sale executed on April 18 of that year by Daniel R. Aguinaldo and D.R. Aguinaldo Corporation (DRACOR), as vendors, and Jose Ricafort and Conrado
Calalang, as vendees. By that deed:

1) Aguinaldo and DRACOR sold to Jose Ricafort and Conrado...