LAWyersclubindia LCI
Login  Register
Upgrad
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

  Start a discussion   Unanswered Report Abuse

shweta   30 November 2017

Transfer of loan

Mr. A has given loan to xyz company and the said company has given loan to PQR Co. Hence In PQR Co. financials loan from xyz is showing..can XYZ transfer loan in name of Mr.A..So that in PQR Financials loan from Mr. A is shown instead of XYZ Co.


Reply   Follow

Learning

 3 Replies

R.S.Rajesh

R.S.Rajesh   30 November 2017

As for as xyz and pqr is concerned, xyz is creditor and pqr is debtor. Hence i am of the view that by assignment of debt payable from pqr directly to A, by assignment agreement, the name mr.A can be shown. Refer section 130 and 131 of T.P. Act.
shweta

shweta   01 December 2017

Thanks Mr. Rajesh... Can you please elaborate more like will I need to make Tri Parte agreement? XYZ co. will be Assignor and Mr. A as assignee ??

 

R.S.Rajesh

R.S.Rajesh   03 December 2017

As for as xyz and pqr is concerned, xyz is creditor and pqr is debtor. Hence i am of the view that by assignment of debt payable from pqr directly to A, by assignment agreement, the name mr.A can be shown. Refer section 130 and 131 of T.P. Act.

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics


View More

Related Threads


Loading
Start a New Discussion Unreplied Threads
Laws Laws Follow us


Popular Discussion


  1. Maintenance cannot be suspended in the t
  2. Transfer of undivided share through gift
  3. Family partitions
  4. liability of legal heir
  5. Appeal from order of acquittal in magist
  6. parking charges for visitors over 24 hou
  7. Service laws
  8. Ancestral property limitations
  9. Issuance of new housing society share ce
  10. Sale Deed JDA

view more »



Browse by Category




Stay updated with latest Posts!