[SEC-SICD * CASE NO. 11-97-5822. December 21, 1998.]
TOMAS C. CUENCA, petitioner, vs. MANUEL D. MARAÑON, respondent.
[SEC-SICD * CASE NO. 02-98-5894. December 21, 1998.]
MARCELINA V. CUENCA, MILAGROS V. CUENCA, FIDES M. CUENCA and TERESA C PAREDES, petitioners,vs. MANUEL MARAÑON, ANGELA C. MARTINEZ and ARC CUISINE INC., respondents.
D E C I S I O N
Filed before this Commission are two petitions; one filed by petitioner Tomas C. Cuenca docketed as SEC No. 11-97-5822 and another one filed by Tomas Cuenca and joined by three (3) others docketed as SEC Case No. 02-18-5894.
Since both cases are now consolidated before the undersigned Hearing Officer and considering that both involve the same parties and the same corporation, with the prayers interrelated to each other, we deemed it right and proper that the merits of the cases be jointly passed upon.
On SEC Case No. 11-97-5822:
Petitioner and respondent are stockholders of ARC Cuisine Inc., a domestic corporation engaged in the restaurant business. At all times material to this action, petitioner was the Chairman while respondent was the President.
It was alleged in...
