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SEC vs. CJH Development et al.

THE SECURITIES AND EXCHANGE COMMISSION (SEC) CHAIRPERSON TERESITA J. HERBOSA, COMMISSIONER MA. JUANITA E. CUETO, COMMISIONER RAUL J. PALABRICA, COMMISSIONER MANUEL HUBERTO B. GAITE, COMMISIONER ELADIO M. JALA, and THE SEC ENFORCEMENT AND PROSECUTION DEPARTMENT, Petitioners, vs. CJH DEVELOPMENT CORPORATION and CJH SUITES CORPORATION, herein represented by its EXECUTIVE VICEPRESIDENT AND CHIEF OPERATING OFFICER, ALFREDO R. YNIGUEZ III, Respondents. Present: VELASCO, JR., J, Chairperson, PERALTA, PEREZ, REYES, LEONEN, * JJ.

G.R. No. 210316 | 2016-11-28

Republic of the Philippines
Supreme Court
Manila
 
THIRD DIVISION
 
DECISION
 
PERALTA, J.:
 
Before the Court is a petition for review on certiorari seeking to annul and set aside the Decision 1 and Resolution2 of the Court of Appeals (CA), dated June 7, 2013 and November 28, 2013, respectively, in CA-G.R. SP No. 125482. The assailed CA Decision annulled and set aside the Cease and Desist Order (CDO) issued by the Securities and Exchange Commission (SEC) En Banc on June 7, 2012, and dismissed SEC-CDO Case No. 05-12-006, while the CA Resolution denied petitioners'  for Reconsideration. 
 
The facts of the case...