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China Banking Corp. vs. Court of Appeals, et al. 403 SCRA 634

CHINA BANKING CORPORATION, petitioner vs. COURT OF APPEALS, and VALLEY GOLF and COUNTRY CLUB, INC., respondents.

G.R. No. 117604 | 1997-03-26

D E C I S I O N

KAPUNAN, J.:

Through a petition for review on certiorari under Rule 45 of the Revised Rules of Court, petitioner China Banking Corporation seeks the reversal of the decision of the Court of Appeals dated 15 August 1994 nullifying the Securities and Exchange Commission's order and resolution dated 4 June 1993 and 7 December 1993, respectively, for lack of jurisdiction. Similarly impugned is the Court of Appeals' resolution dated 4 September 1994 which denied petitioner's motion for reconsideration. 

The case unfolds thus: 

On 21 August 1974, Galicano Calapatia, Jr. (Calapatia, for brevity) a stockholder of private...