https://www.taxtmi.com/caselaws?id=96780 An assignment of an actionable claim must be made by a written instrument signed by the transferor or a duly authorised agent, and no valid assignment was proved here. The fixed deposit receipt and its endorsement were not treated as a negotiable instrument, while the depositor's letter was only a notice of an alleged assignment, not the assignment itself. The surrounding correspondence and conduct also failed to establish completion of the transfer, so the claimed set-off against the company in liquidation was not allowed. The fraudulent preference objection was rejected, but that did not save the application, which failed and was dismissed with costs. en-us Fri, 14 Oct 1938 00:00:00 +0530 Wed, 11 Jan 2012 10:59:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96780 An assignment of an actionable claim must be made by a written instrument signed by the transferor or a duly authorised agent, and no valid assignment was proved here. The fixed deposit receipt and its endorsement were not treated as a negotiable instrument, while the depositor's letter was only a notice of an alleged assignment, not the assignment itself. The surrounding correspondence and conduct also failed to establish completion of the transfer, so the claimed set-off against the company in liquidation was not allowed. The fraudulent preference objection was rejected, but that did not save the application, which failed and was dismissed with costs. Case-Laws Companies Law Fri, 14 Oct 1938 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96780