Section 9
Discharge of liability of debtor on payment to assignee.
The Factoring Regulation Act, 2011
About this Act
An Act to provide for and regulate assignment of receivables by making provision for registration there for and rights and obligations of parties to contract for assignment of receivables and for matters connected therewith or incidental thereto.
Where a notice of assignment of
receivable is given by the assignor or the assignee, as the case may be, under section 8 the debtor on
receipt of such notice, shall make payment to the assignee and payment made to such assignee in discharge of any obligation in relation to the receivables specified in the notice shall fully discharge the
debtor making the payment, from corresponding liability in respect of such payment.