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Sps. Rev. Elmer J. Banes, et al. vs. Lutheran Church in the Philippines, et al.

SPS. REV. ELMER J. BANES & ANGELA BANES, SPS. REV. MANUEL DEL ROSARIO & GUIA DEL ROSARIO, and SPS. PEDRO SAN RAMON & NENITA SAN RAMON, Petitioners, versus LUTHERAN CHURCH IN THE PHILIPPINES, OSCAR ALMAZAN, JAMES CERDENOLA, LUIS AO-AS, EDWINO MERCADO, ANTONIO REYES and THE HON. COURT OF APPEALS, Respondents.

G.R. No. 142308 | 2005-11-15

D E C I S I O N 


AUSTRIA-MARTINEZ, J.: 

This refers to the petition for review on certiorari under Rule 45 of the Rules of Court assailing the Decision[1] of the Court of Appeals (CA) in CA-G.R. SP No. 44333 dated November 12, 1999 and its Resolution[2] dated February 15, 2000 denying petitioners' motion for reconsideration. 

The facts are as follows: 

On August 16, 1990, certain members of the Lutheran Church in the Philippines (LCP) filed an action against its President, Thomas Batong, and six other members of the Board of Directors,[3] before the Securities and Exchange Commission (SEC), for accounting and damages...