https://www.taxtmi.com/caselaws?id=98305 A pending misfeasance and recovery suit may continue in favour of a transferee bank where amalgamation occurs under a statutory scheme that transfers assets, liabilities, rights and interests and expressly provides for pending proceedings to continue. The general rule against assignment of a bare right to sue for tort does not apply where the transfer operates by law under an overriding amalgamation scheme. The commentary also notes that, absent any statutory provision terminating the suit or confining the claimant to a misfeasance application under company law, the original suit remains a proper and maintainable remedy. en-us Wed, 24 Feb 1965 00:00:00 +0530 Fri, 20 Jan 2012 11:14:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98305 A pending misfeasance and recovery suit may continue in favour of a transferee bank where amalgamation occurs under a statutory scheme that transfers assets, liabilities, rights and interests and expressly provides for pending proceedings to continue. The general rule against assignment of a bare right to sue for tort does not apply where the transfer operates by law under an overriding amalgamation scheme. The commentary also notes that, absent any statutory provision terminating the suit or confining the claimant to a misfeasance application under company law, the original suit remains a proper and maintainable remedy. Case-Laws Companies Law Wed, 24 Feb 1965 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98305