Equation Recycling Pte Ltd v Leading Bio-energy (s) Pte Ltd

Contract — Contractual terms — Rules of construction; Contract — Remedies — Deposits — Functions of deposits; Landlord and Tenant — Agreements for leases — Security deposits; Contract — Settlement agreements — Compromise of potential disputes; Restitution — Unjust enrichment — Failure of basis — Recovery of deposits; Civil Procedure — Pleadings — Objections — Whether the rule against penalties must be pleaded; Civil Procedure — Appeals — Construction of contract — Whether the court may raise a question of construction on its own accord; Damages — Liquidated damages or penalty — Whether a clause providing for the absolute forfeiture of a security deposit amounts to a penalty