Scope of an asset and security freeze order - assignment or not - The reference to pledge, in some...

Scope of an asset and security freeze order - assignment or not - The reference to pledge, in some places in the documents, did not undermine the fact that the rents payable to and receivable by the lender (IL&FS) stood absolutely assigned to HDFC. The provisions of the TPA and the discussion of the various authorities support the conclusion that there can be a transfer of debts, which are defined as actionable claims. In the present case, the rents payable by IL&FS tenants, lessees and licensee..... .....

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