Skip to main content

Mabini Colleges, Inc. vs. Henry A. Ibana, et al.

SEC Case No. 2559 • Securities and Exchange Commission • Orders • Nov 16, 1987

Full text

[SEC CASE NO. 2559. November 16, 1987.] MABINI COLLEGES, INC. , petitioner , vs . HENRY A. IBANA, ET AL. , respondents . O R D E R It appearing that the Motion For Reconsideration dated August 6, 1987 is already a second motion for reconsideration of the Order dated January 12, 1987, which is prohibited under No. 4 of the General Provisions of the Interim Rules and Guidelines of the Rules of Court and for which it is applicable in the Rules of this Commission in suppletory character; and considering further, that the grounds therein are merely a repetition of the previous motion for reconsideration, which was denied in the Order of July 21, 1987, and there being no new issues that will warrant a reversal of the Commission's earlier Order, the Motion for reconsideration dated August 6, 1987 is hereby DENIED. DEICHc However, in the interest of justice and fair play, the Order directing the Abacan Corvera Del Castillo Law Office to submit to this Commission the written consent of the previous counsel Atencia, Arias and Togonon Law Office, as well as the written consent of all the respondents, except respondent Benjamin Ibana, to make the substitution of Attorneys valid is hereby withdrawn, considering that the written consent of principal petitioner Benjamin Ibana, appears to be a substantial compliance of the requirement. Let the hearing of this case for the reception of the respondent's evidence be set on December 1, 1987 at 2:00 o'clock on the afternoon. STADIH SO ORDERED. (SGD.) JUANITO B. ALMOSA, JR. Hearing Officer

Ask what this means for your situation

The assistant quotes the passage it relies on and links the source, so you can check every figure it gives you.