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JurisprudenceG.R. No. 184036 -

G.R. No. 184036 - PACIFIC REHOUSE CORPORATION, PACIFIC CONCORDE CORPORATION, MIZPAH HOLDINGS, INC., FORUM HOLDINGS CORPORATION, AND EAST ASIA OIL COMPANY,INC., VS. EIB SECURITIES, INC.. D E C I S I O N - Supreme Court E-Library

Cited Laws

RA 353,RA 677,RA 416RA 274RA 562RA 446,RA 208,
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TL;DR — Ruling

WHEREFORE, premises considered, judgment is hereby rendered directing the defendant [EIB] to return the plaintiffs' [petitioners] 32,180,000 DMCI shares, as of judicial demand. On the other hand, plaintiffs are directed to reimburse the defendant the amount of P10,942,200.00, representing the buy back price of the 60,790,000 KPP shares of stocks at P0.18 per share.

Decision

Ruling

WHEREFORE, premises considered, judgment is hereby rendered directing the defendant [EIB] to return the plaintiffs' [petitioners] 32,180,000 DMCI shares, as of judicial demand. On the other hand, plaintiffs are directed to reimburse the defendant the amount of P10,942,200.00, representing the buy back price of the 60,790,000 KPP shares of stocks at P0.18 per share. Defendant's Motion to Discharge Writ of Preliminary Attachment, based on the submitted counter bond issued by Intra Strata Assurance Corporation is hereby GRANTED. SO ORDERED.