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IBC - Highlights / Catch Notes

Home Highlights May 2019 Year 2019 This

Corporate insolvency process - assignment of debt - even ...

Case Laws     Insolvency and Bankruptcy

May 17, 2019

Corporate insolvency process - assignment of debt - even assuming that the Standard Chartered Bank was not registered under the SARFAESI Act nor having license to business of ARCs in India being registered with the RBI, there can be no bar for assignment and transfer of the debt by the Principle Lender to another bank or to a financial institution for enforcing/recovery of such debt

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