SINGAPORE Law and Practice Contributed by: Jason Lim, Sreenivasan Narayanan SC and Palaniappan Sundararaj, Sreenivasan Chambers LLC
property, even though HLT’s account was in over - draft and a portion of the sums was automatically applied to repay the overdraft. The court stated that “no meaningful distinction may be drawn between the crediting into a bank account with a positive balance... And a bank account in overdraft”.
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