As per the case facts a financial services company received funds from a bank and executed documents to transfer rents to the bank The company challenged an NCLAT order arguing ... that these documents represented an assignment which would place them outside the scope of an asset and security freeze order The reason for the appeal to the Supreme Court was to clarify whether the financial arrangement constituted an assignment or a pledge and its implications under the asset freeze order The question arose whether the documents by which rents were transferred to the lender constituted an assignment and if so whether this fell outside the scope of an asset and security freeze order Finally the Supreme Court dismissed the appeal ruling that the transaction was indeed an assignment not a pledge and therefore the rents were legitimately assigned to the bank