Assignee Stepping Into Shoes Of Assignor, Borrower Or Guarantor Cannot Challenge Such Assignment: NCLAT New Delhi

The NCLAT ruled that an assignee steps into the shoes of the assignor, and a borrower or guarantor cannot challenge such an assignment. The case involved a borrower challenging the assignment of a loan by the original lender to a new entity. The Tribunal emphasized that the assignee assumes all rights and obligations of the assignor, and the borrower or guarantor cannot dispute the assignment. The ruling clarified the legal standing of assignees in loan agreements and reinforced the enforceability of assignments in insolvency proceedings.