METROPLEX BERHAD AND PAXELL INVESTMENT LIMITED, PETITIONERS, VS. SINOPHIL CORPORATION, BELLE CORPORATION, DIRECTOR BENITO A. CATARAN, IN HIS CAPACITY AS HEAD OF THE COMPANY REGISTRATION AND MONITORING DEPARTMENT DIRECTOR JUSTINA F. CALLANGAN, IN HER CAPACITY AS HEAD OF THE CORPORATION FINANCE…
- G.R. Number: G.R. No. 208281
- Promulgated: 2021-06-28
Keywords
Section 38 Corporation Code, Section 13 Securities Regulation Code, Rule 58 Rules of Court, Business Judgment Rule, Trust Fund Doctrine, Corporate Law, Capital Stock Reduction, Securities Regulation, Petition for Review on Certiorari, Temporary Restraining Order, Writ of Preliminary Injunction, Authorized Capital Stock, Unrestricted Retained Earnings, Quorum, Ultra Vires, Interim, Status Quo, Cause of Action, Petition denied, Affirmed in toto