The Industrial Finance Corporation Act, 1948
21B. Power to transfer rights.
The rights and interests of the
Corporation (including any other rights incidental thereto) in relation to any
loan or advance granted, or any amount recoverable, by it may be transferred by
the Corporation, either in whole or in part, by the execution or issue of any
instrument, or by the transfer of any instrument by endorsement or in any other
manner in which the rights and interests in relation to such loan or advance
may be lawfully transferred, and the Corporation may, notwithstanding such
transfer, act as the trustee for the transferee.]