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Clay & Feather International, Inc., et al. vs. Alexander T. Lichaytoo and Clifford T. Lichaytoo

CLAY & FEATHER INTERNATIONAL, INC., RAUL O. ARAMBULO, and ADAM E. JIMENEZ III (for themselves and for Clay and Feather Intl., Inc., Petitioners,vs.ALEXANDER T. LICHAYTOO and CLIFFORD T. LICHAYTOO, Respondents.

G.R. No. 193105 | 2011-05-30


SECOND DIVISION


R E S O L U T I O N


NACHURA, J.:


Before the Court is a petition for review on certiorari under Rule 45 of the Rules of Court, assailing the Decision [1] dated February 26, 2010 and the Resolution [2] dated July 21, 2010 of the Court of Appeals (CA) in CA-G.R. SP No. 111007.


The facts of the case are, as follows:


Petitioners Raul Arambulo (Arambulo) and Adam E. Jimenez III (Jimenez) and respondents Alexander T. Lichaytoo (Alexander) and Clifford Lichaytoo (Clifford) are stockholders and incorporators of Clay & Feather International, Inc. (CFII), a domestic corporation engaged in the business of marketing...