Monday, September 11, 2023

Suan v. Gonzales, A.C. No. 6377, 12 March 2007, (518 SCRA 82)

 

The filing of the intra-corporate case before the RTC does not amount to forum- shopping. It is a formal demand of respondent’s legal rights in a court of justice in the manner prescribed by the court or by the law with respect to the controversy involved. The relief sought in the case is primarily to compel the bank to disclose its stockholdings, to allow them the inspection of corporate books and records, and the payment of damages. It was also prayed that a TRO be issued to enjoin the holding of the annual stockholder’s meeting and the election of the members of the Board, which, only courts of justice can issue.

On the other hand, the complaint filed with the Bangko Sentral ng Pilipinas was an invocation of the BSP’s supervisory powers over banking operations which does not amount to a judicial proceeding. It brought to the attention of the BSP the alleged questionable actions of the bank’s Board of Directors in violation of the principles of good corporate governance. It prayed for the conduct of an investigation over the alleged unsafe and unsound business practices of the bank and to make necessary corrective measures to prevent the collapse of the bank.

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