Transfer of debt requires both parties to notify the resolution professional of assignee identity and assignment terms during the process period. When a creditor assigns or transfers its debt within the process period both assignor and assignee must supply the resolution professional with the identity of the assignee or transferee and the terms of the assignment or transfer for updation under the registry requirement.
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 both parties to notify the resolution professional of assignee identity and assignment terms during the process period.
When a creditor assigns or transfers its debt within the process period both assignor and assignee must supply the resolution professional with the identity of the assignee or transferee and the terms of the assignment or transfer for updation under the registry requirement.
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