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bound to use
reasonable diligence to recover the assigned debt from the debtor.
Their Lordships concurred with the Calcutta High ... having a charge ovar a debt without having the
debt assigned to him, could sue the original debtor
Madras High Court
addition made on account
of profit earned on debt assignment to Rs.6,43,20,260 as against ... books
of account while recording the transaction of debt assignment.
5. The CIT(A) ought to have ordered for addition
Income Tax Appellate Tribunal - Hyderabad
addition made on account
of profit earned on debt assignment to Rs.6,43,20,260 as against ... books
of account while recording the transaction of debt assignment.
5. The CIT(A) ought to have ordered for addition
Income Tax Appellate Tribunal - Hyderabad
bound to use reasonable diligence to
recover the assigned debt from the debtor. Their Lordships concurred
with the Calcutta High ... having a charge over a debt without having the
debt assigned to him could sue the original debtor
Madras High Court
27021/10 -8-
assignment of debts of petitioner Company by ARCIL to the 2nd
respondent, and the further transaction ... order to defeat the legal restrictions on
assignments of debts, is also denied. The allegation that such
transactions were initiated
Kerala High Court
therefore K.F.S.L. had authority to assign this debt. The case of the
said amount being impressed with ... account of D.M.L.,
this amounts to assignment of the debt in equity
Bombay High Court
appointed as an agent, therefore, agent cannot be assigned
debts so as to take over the asset of the borrower ... assets inter se.
Even in the matter of assigning debts, it cannot be said that the banks are
trading
Punjab-Haryana High Court
learned Judge found as a fact
that the debts were assigned not as an out-and-out transaction but
merely ... bank
that the debts were assigned not as an out-and-out transfer but as
security for an overdraft
Calcutta High Court
Page 6
(of MIL) assigning debts in favor of his group companies or nominees, clearly
contravening Clause ... endeavor to have MIL's debts assigned to his group companies; the specific
instance of IDBI, IFCI and PNB assigning
Delhi High Court
initiated a dialogue with banks/financial institutions for assignment
of debts. Various lenders, viz. ICICI Bank Limited, Industrial
Development Bank ... State Bank
of Mysore, State Bank of Travankore have assigned their loan in favour
of ARCIL by executing a Deed
Gujarat High Court
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