'A' has within the prescribed period of limitation sued 'B' for recovery of debt owed by 'B' to 'A' The suit remains pending. After nine years of institution of suit 'A' assigns the debt for recovery of which the suit was filed to 'C'. 'C' after nearly one year of such assignment, applies in the suit for substitution in place of 'A':

A. The application for substitution is barred by time

B. The application for substitution does not lie as 'C' is not the heir of 'A'

C. C' as an assignee of 'A' has a right to be substituted and no limitation is prescribed for seeking substitution

D. The suit will be dismissed as 'A' has lost the right to recover the loaned amount

Answer: Option C