Calilung v. Calatagan Golf Club, Inc.

 [SEC-SICD * CASE NO. 4241. August 12, 1998.]FRANCISCO CALILUNG, ET AL., petitioners, vs. CALATAGAN GOLF CLUB, INC., ET AL., respondents.D E C I S I O NThis is a petition filed by Francisco S. Calilung, Librado S. Calilung, Rosario S. Calilung-Sy and the Estate of the late Elpidio S. Calilung represented by Atty. Tardisio S. Calilung for annulment of foreclosure and auction sale with damages against the Calatagan Golf Club, Inc., Jose T. Manosa, Benito R. Araneta, Kurt Bachman and Benjamin D. Tanedo, Jr.Petitioners alleged, among others, that they are members/stockholders of the respondent Calatagan Golf Club, Inc. (hereinafter referred to as Calatagan) which is a corporation duly organized and existing under and by virtue of the laws of the Republic of the Philippines with its principal office at 5th Floor, Enzo Building, 399 Sen. Gil Puyat Ave. Makati, Metro Manila; that individual respondents are officers of the respondent Calatagan Golf Club, who were responsible for the illegal foreclosure and sale of petitioners' shares; that on December 16, 1991 the shares of the petitioners were...