No application shall lie under section 4 for adjustment of any debt due from a debtor to whom such debt has been transferred or assigned after the 1st January 1938 by any person who is not himself a debtor.
<span style="margin-left:15px;"></span>No application shall lie under section 4 for adjustment of any debt due from a debtor to whom such debt has been transferred or assigned after the 1<sup>st</sup> January 1938 by any person who is not himself a debtor.<br>