[SEC-SICD * CASE NO. 11-97-5828. February 1, 2000.]
VICENTE O. REYES, petitioner, vs. TITO REY RESTAURANTS, CORP., REYNALDO A. BAUTISTA AND PEARL CLUB CHAIN, INC., respondents.
D E C I S I O N
This is an action for the Appointment of a Management Committee/Receiver, Reconveyance, Accounting and Damages initiated by petitioner Vicente O. Reyes against Tito Rey Restaurants, Reynaldo A. Bautista and Pearl Club Chain, Inc., the last respondent as a necessary party.
Petitioner is a stockholder of respondent Tito Rey Restaurants Corporation to the extent of 33.33%, while Reynaldo A. Bautista is the majority stockholder of the Corporation and its President and General Manager. Respondent Pearl Club Chain is the lessee of five (5) condominium units at the Sunvar Plaza, which condominium units, are among the assets subject of the petition. aACEID
Petitioner claims that he is a stockholder of Tito Rey Restaurants Corporation, (the Corporation) holding 33.33% of its capital stock. The Corporation was engaged in the restaurant business and had enjoyed profitable business until it ceased operations in the early 1990's.
For the alleged refusal of...
