China Banking Corp. v. Gabuyo

September 22, 2017SEC EN BANC CASE NO. 12-15-392CHINA BANKING CORPORATION, petitioner, vs. ATTY. DANIEL P. GABUYO and ATTY. MYRLA B. BARRIBAL, ET AL., respondents.DECISIONThe present case is yet another offshoot of SEC Case No. 05-00-6609 entitled "In the Matter of: Petition for Rehabilitation with Prayer for Suspension of Actions and Proceedings against Petitioners, ASB Holdings, Inc., ASB Realty Corp., ASB Development Corp. (formerly Tiffany Tower Realty Corp.), ASB Land, Inc., ASB Finance, Inc., Makati Hope Christian School, Inc., Bel-Air Holdings Corp., Winchester Trading, Inc., VYL Development Corp., Genrick Holdings Corp., and Neighborhood Holdings, Inc." pending before the Special Hearing Panel 2 (SHP2) of the Commission. For resolution of the Commission En Banc is the Petition for Review on Certiorari with Prayer for the Issuance of a Stay/Status Quo Order (Petition), dated 10 December 2015, filed by China Banking Corporation (Petitioner) on 11 December 2015, seeking, among others, the nullification of SHP2's Order dated 02 December 2015, granting the Motion (To Allow Pro-Rata Distribution of Php30 Million to Unsecured Creditors) filed by ASB Group of Companies...