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Bank's Property Charge Doesn't Affect Corporate Debtor's Pre-Assigned Rights in Insolvency Proceedings.

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Full Text of the Document

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....CIRP - Right to claim over property - Maybe it is true that the charge was created over this property by the Bank with the consent of the Government, but that consent will not make any difference to the rights already crystallized by virtue of assignment made in favour of the Corporate Debtor.....

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