JUDGMENTBY: GUNN CHIT TUAN SCJ(DELIVERING THE JUDGMENT OF THE COURT)

On 12 July 1988, MBF Finance Bhd (hereinafter referred to as the respondents) obtained judgment in the High Court at Kuala Lumpur against Sri Hartamas Development Sdn Bhd (hereinafter referred to as the appellants) for the sum of $ 5,197,060.82 together with interest and costs. By a letter dated 24 December 1988, the respondents sent to the appellants a demand under s 218(2)(a) of the Companies Act 1965 (hereinafter referred to as the Act), which reads as follows:

Statutory demand pursuant to s 218 of the Companies Act 1965 (Act

125) for payment of a debt

To: Sri-Hartamas Development Sdn Bhd

3rd floor

Wisma Low Kim Her

225-227 Jalan Tun Sambanthan

50470 Kuala Lumpur

Take Notice that, We, Messrs Cheang & Ariff of 18th Floor, Plaza

MBf, Jalan Ampang, 50450 Kuala Lumpur, solicitors for MBf Finance

Bhd hereby require you to pay to us the principal sum due on a

final judgment dated 12 July 1988 obtained by MBf Finance Bhd

against you in the High Court at Kuala Lumpur in Civi

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