Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Regulations, 2019 Chapter III REGISTRATION OF CLAIMS
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Transfer of debt requires prompt disclosure to the resolution professional and update of creditor lists and authority notification. Where a creditor assigns or transfers the debt during the resolution process, both parties must provide the resolution professional with the terms of the assignment and the identity and details of the assignee; the resolution professional must notify each creditor and the Adjudicating Authority of any change in the list of creditors within two days of such change.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Transfer of debt requires prompt disclosure to the resolution professional and update of creditor lists and authority notification.
Where a creditor assigns or transfers the debt during the resolution process, both parties must provide the resolution professional with the terms of the assignment and the identity and details of the assignee; the resolution professional must notify each creditor and the Adjudicating Authority of any change in the list of creditors within two days of such change.
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