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<h1>Transfer of debt requires notice to the resolution professional and updates to the committee and adjudicating authority.</h1> Where a creditor assigns or transfers its debt during the insolvency resolution process, both parties must provide the interim resolution professional or resolution professional with the terms of the assignment or transfer and the identity of the assignee or transferee within seven days; the resolution professional must notify each participant and the Adjudicating Authority of any resultant change in the committee within two days.