COUNSEL & SOLICITOR:
Lim Kian Leong (Chan Kah Meng with him) (Lim Kian Leong & Co) for the respondent
Court Of Appeal
Banking – Banks and banking business – Collection of ‘Account Payee Only’ cheque – Duty of collecting bank – Who is the ‘true owner’ – Whether the respondent bank acted in reckless disregard of the clear mandate to the loss and detriment of the named payee and true owner – Whether the respondent as collecting bank liable to the true owner of the cheques for conversion and money had and received