In Re: The Petition for Suspension of Payments, Etc.

[SEC-AC CASE NO. 640. March 16, 1999.] IN RE: THE PETITION FOR SUSPENSION OF PAYMENTS, AND FOR APPOINTMENT OF A MANAGEMENT COMMITTEE OR A REHABILITATION RECEIVER AGUSAN RIVER ENTERPRISES CORPORATION , petitioner . D E C I S I O N For the consideration of the Commission En Banc is a Notice of Appeal filed by Petitioner on December 2, 1998 of the Order of the Hearing Panel dated October 21, 1998. For an appeal to be perfected, a notice of appeal must be accompanied by the filing of a memorandum on appeal and the payment of the required docket fee ( Sec. 3, Rule XVI, SEC Revised Rules of Procedure ). No memorandum on appeal having been filed, the instant appeal must fail. WHEREFORE, premises considered, the appeal is hereby DISMISSED for failure to perfect the same. SO ORDERED. (SGD.) PERFECTO R. YASAY Chairman (SGD.) FE ELOISA C. GLORIA (SGD) EDIJER A. MARTINEZ Associate Commissioner Associate Commissioner (SGD.) ROSALINDA U. CASIGURAN (SGD.) DANILO L.CONCEPCION Associate Commissioner Associate Commissioner