Factoring Regulation Act, 2011
9. Discharge of
liability of debtor on payment to assignee.-
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.