https://www.taxtmi.com/caselaws?id=470422 An assignee of receivables arising from supplies of goods or services may be treated as an operational creditor for insolvency purposes where the assigned operational debt, debt and default are otherwise established. The notes state that insufficient stamping of assignment or receivable-purchase agreements does not by itself prevent reliance on other evidence of debt and default. They also identify jurisdiction based on the corporate debtor's registered office, acknowledgement of assigned liability through notices and payment communications, and the absence of a pre-existing dispute where no dispute was communicated or raised in response to the demand notice. The Factoring Regulation Act is described as not barring insolvency proceedings seeking corporate insolvency resolution rather than contractual enforcement. en-us Fri, 25 Nov 2022 00:00:00 +0530 Mon, 27 Jul 2026 18:51:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470422 An assignee of receivables arising from supplies of goods or services may be treated as an operational creditor for insolvency purposes where the assigned operational debt, debt and default are otherwise established. The notes state that insufficient stamping of assignment or receivable-purchase agreements does not by itself prevent reliance on other evidence of debt and default. They also identify jurisdiction based on the corporate debtor's registered office, acknowledgement of assigned liability through notices and payment communications, and the absence of a pre-existing dispute where no dispute was communicated or raised in response to the demand notice. The Factoring Regulation Act is described as not barring insolvency proceedings seeking corporate insolvency resolution rather than contractual enforcement. Case-Laws IBC Fri, 25 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470422