Insolvency, Restructuring and Dissolution Act 2018 · 2020 Revised Edition · Part 6 · Corporate Insolvency — Receivership
77. Liability for invalid appointment of receiver or manager
Feedback & supportWhere the appointment of a person as the receiver or manager of the property of a company, or of the property in Singapore of a corporation, under powers contained in an instrument is discovered to be invalid (whether by virtue of the invalidity of the instrument or otherwise), the Court may order the person by whom or on whose behalf the appointment was made to indemnify the person appointed against any liability that arises solely by reason of the invalidity of the appointment.
property
“property” includes —(a)money, goods, things in action, land and every description of property, wherever situated; and(b)obligations and every description of interest, whether present or future or vested or contingent, arising out of or incidental to property;