https://www.taxtmi.com/caselaws?id=402516 An assignee's claim based on a debt assignment executed during CIRP may be refused where the assignment deed is unregistered when the claim is presented for admission. The Tribunal held that, even if registration time may remain available under the Registration Act, an unregistered deed cannot be acted upon to recognise the assignee's claim at that stage. It also held that an assignee steps into the shoes of the assignor, so if the assignor has already been found to be a related party of the corporate debtor, the assignee cannot be treated as a non-related financial creditor for Committee of Creditors participation. en-us Wed, 12 Aug 2020 00:00:00 +0530 Tue, 05 Jan 2021 10:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402516 An assignee's claim based on a debt assignment executed during CIRP may be refused where the assignment deed is unregistered when the claim is presented for admission. The Tribunal held that, even if registration time may remain available under the Registration Act, an unregistered deed cannot be acted upon to recognise the assignee's claim at that stage. It also held that an assignee steps into the shoes of the assignor, so if the assignor has already been found to be a related party of the corporate debtor, the assignee cannot be treated as a non-related financial creditor for Committee of Creditors participation. Case-Laws Insolvency and Bankruptcy Wed, 12 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402516