G.R. No. 165887 - Majority Stockholders of Ruby Industrial Corp. vs. Lim

Majority Stockholders of Ruby Industrial Corp. vs. Lim

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Title Supreme Court: Majority Stockholders of Ruby Industrial Corp. vs. Lim

Case: G.R. No. 165887

Decision Date: Jun 6, 2011

Ruby Industrial Corp. faced severe liquidity issues, leading to competing rehabilitation plans. Courts nullified majority stockholders' irregular actions, unwound illegal transactions, and ordered liquidation under RTC supervision for equitable creditor settlement.

majority stockholders

rehabilitation

liquidation

Marathon 1 hr 27 min

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