Re: Ocean Tankers (Pte) Ltd

Debt and Recovery — Right of set-off — Legal set-off — When legal set-off takes effect; Choses in Action — Assignment — Assignment of a bare right to litigate — Whether assignment valid and enforceable; Insolvency Law — Insolvency set-off — Mutuality — Relevant point in time at which to assess whether mutuality exists; Choses in Action — Assignment — Whether assignment barred by non-assignment clause — Effect of non-assignment clause on validity of assignment; Insolvency Law — Insolvency set-off — Whether provisions of Insolvency, Restructuring and Dissolution Act 2018 (2020 Rev Ed) apply to a judicial management application made under the Companies Act (Cap 50, 2006 Rev Ed)