https://www.taxtmi.com/caselaws?id=348442 A stranger to an assignment deed cannot challenge its validity in insolvency proceedings merely on apprehended prejudice, as the Tribunal will not conduct a roving enquiry at the instance of a non-party. Duly executed and registered assignment agreements transfer the assignor's rights to the assignee, and the assignee may participate in the committee of creditors unless a substantiated legal bar is shown; the related party objection failed. Prior BIFR and DRT proceedings did not displace the later assignments or warrant interference with creditor participation, so the application was rejected in full. en-us Wed, 02 Aug 2017 00:00:00 +0530 Wed, 03 Jan 2018 12:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348442 A stranger to an assignment deed cannot challenge its validity in insolvency proceedings merely on apprehended prejudice, as the Tribunal will not conduct a roving enquiry at the instance of a non-party. Duly executed and registered assignment agreements transfer the assignor's rights to the assignee, and the assignee may participate in the committee of creditors unless a substantiated legal bar is shown; the related party objection failed. Prior BIFR and DRT proceedings did not displace the later assignments or warrant interference with creditor participation, so the application was rejected in full. Case-Laws Insolvency and Bankruptcy Wed, 02 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348442