One of the most popular types of transactions in financial markets is debt assignment. It encompasses transferring a debt from a creditor (assignor) to a third party (assignee). The dialogue of having a registered and an unregistered assignment agreement is currently one of the most important issues faced in debt assignment transactions in India. Given the amount of assignment transactions conducted by banks and financial institutions or asset reconstruction companies (“ARCs”) in general, the recognition behind the agreement constitutes a major task in such transactions.

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