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        IBC

        Regulation 30A - Transfer of debt due to creditors

        Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016
        Chapter V
        CLAIMS

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        Transfer of debt permitted during liquidation; assignees must notify the liquidator and the stakeholder list must be updated. A creditor may assign or transfer its debt during liquidation in accordance with applicable assignment laws; both parties must provide the liquidator with the assignment terms and the assignee's identity, and the liquidator shall update the stakeholder list to reflect the transfer.
                          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 permitted during liquidation; assignees must notify the liquidator and the stakeholder list must be updated.

                              A creditor may assign or transfer its debt during liquidation in accordance with applicable assignment laws; both parties must provide the liquidator with the assignment terms and the assignee's identity, and the liquidator shall update the stakeholder list to reflect the transfer.


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