law: Factoring Regulation Act, 2011 
  13. Assignor to be
  
  trustee of assignee.-
  Notwithstanding
  
  anything to the contrary contained in any other law for the time being in
  
  force, where a debtor makes any payment to an assignor which represents payment
  
  due on an assigned receivable, such payment shall be deemed to be for the
  
  benefit of the assignee, and the assignor shall be deemed to have received the
  
  amount of such payment as a trustee of the assignee and the assignor shall make
  
  payment of such amount to the assignee.