TL;DR — Ruling
WHEREFORE , judgment is hereby rendered: a. On the First Cause of Action, declaring as null and void and of no effect whatsoever the election of [petitioners] Cecilia Que Yabut, Ma. Corazon Que Garcia and Eumir Que Camara as Directors of Phil-Ville considering the lack of quorum during the alleged annual meeting of the stockholders on 25 January 2014 at Max's Restaurant, Gov. Pascual cor.
WHEREFORE , judgment is hereby rendered: a. On the First Cause of Action, declaring as null and void and of no effect whatsoever the election of [petitioners] Cecilia Que Yabut, Ma. Corazon Que Garcia and Eumir Que Camara as Directors of Phil-Ville considering the lack of quorum during the alleged annual meeting of the stockholders on 25 January 2014 at Max's Restaurant, Gov. Pascual cor. M.H. Del Pilar, Tugatog, Malabon City at 5:00 o'clock in the afternoon; b. On the Second Cause of Action, declaring as null and void and of no effect whatsoever the election of [petitioners] Cecilia Que Yabut, Ma. Corazon Que Garcia and Eumir Que Camara to the positions of Chairperson, Vice-Chairperson and Corporate Secretary, respectively in the Board of Directors of Phil-Ville, as well as their election as Vice-President/Treasurer, President/General Manager and Secretary, respective[ly], of Phil-Ville, considering the invalidity of the proclamation of the winners in the election supposedly conducted on that date, the alleged "Annual Meeting of the Board of Directors of Phil-Ville held at Max's Restaurant, Gov. Pascual cor. M.H. Del Pilar, Tugatog, Malabon City on 25 January 2014 at 6:30 o'clock in the evening being null and void; and c. On the Third Cause of Action, declaring as null and void and of no effect whatsoever any and all actions taken by [petitioners] Cecilia Que Yabut, Ma. Corazon Que Garcia and Eumir Que Camara in relation to their alleged election as Directors, their alleged election to certain positions in the Board of Directors, and their alleged election as officers of Phil-Ville including but not limited to the filing of the General Information Sheet with the Securities and Exchange Commission on 27 January 2014. SO ORDERED . [26] On appeal, however, the Decision of the RTC was rendered void by the CA for violating Section 14, Article VII of the Constitution. [27] Nonetheless, the CA held that the annual stockholder's meeting in question was void for failure to meet the required quorum, viz : WHEREFORE, the instant Petition for Review is DENIED for lack of merit. The Decision dated March 14, 2014 Decision [sic] of the Regional Trial Court of the City of Malabon, Branch 74, in SEC Case No. SEC14-001-MN is declared VOID for failure to comply with the constitutional requirement of a valid judgment and a new one is ENTERED declaring as invalid for lack of quorum the Phil-Ville Development and Housing Corporation's stockholders annual meeting conducted by petitioners Cecilia Que Yabut, Eumir Carlo Que Camara and Ma. Corazon Que Garcia on January 14, 2014. The election of the members of the board of directors and officers of Phil-Ville that emanated from the said invalid meetings is likewise struck as void. SO ORDERED.
G.R. NO. 160358 - LYDIA LAO, WILLIAM CHUA LIAN, JEFFREY ONG AND HENRY SY, VS. PHILIP KING.D E C I S I O N - Supreme Court E-Library
G.R. NO. 160358 -
CaseCECILIA CASTILLO, OSCAR DEL ROSARIO, ARTURO S. FLORES, XERXES NAVARRO, MARIA ANTONIA TEMPLO AND MEDICAL CENTER PARAÑAQUE, INC., VS. ANGELES BALINGHASAY, RENATO BERNABE, ALODIA DEL ROSARIO, ROMEO FUNTILA, TERESITA GAYANILO, RUSTICO JIMENEZ, ARACELI
G.R. No. 150976 -
CaseG.R. NO. 166984 - MANUEL H. NIETO, JR., VS. HON. COURT OF APPEALS (FORMER SPECIAL SEVENTEENTH DIVISION), VICTOR AFRICA AND JOHN/JANE DOES, STYLING THEMSELVES AS THE BOARD OF DIRECTORS/OFFICERS OF PHILIPPINE OVERSEAS TELECOMMUNICATIONS CORPORATION (POTC) AND PHILIPPINE COMMUNICATIONS SATELLITE CORPOR
G.R. NO. 166984 -