Abdul Malik Ishak J:

The respondent, Celini Corporation Sdn Bhd, was incorporated on 9 December 1992 under the Companies Act 1965, with its registered office at room 204, 2nd floor, Chevron Complex 1-3, Jalan Sisir 1, Taman Seraya, Kulai Besar, 81000 Kulai, Johor. The nominal capital of the respondent was said to be 100,000 shares divided into RM1 each and its paid up capital was said to be RM100,000. The objects of the respondent were, inter alia, to deal, distribute and transact wire mesh, tiles, bricks and other building materials. The respondent was indebted to the petitioner, Pioneer Concrete (Malaysia) Sdn Bhd, to the tune of RM462,819.50 being the balance of the purchase price of goods sold and delivered together with interest at the rate of 1% per month. The respondent failed, neglected and/or wilfully refused to pay to the petitioner the sum of RM462,819.50 notwithstanding numerous demands by the petitioner. A notice of demand dated 8 July 1997 pursuant to s. 218 of the Companies Act 1965 was duly served on the respondent by leaving a copy of the same at the registered address of the respondent as mentioned aforesaid on 10 July 1997. The petitioner believed that t