TReDS platform and accounting

As we execute TReDS platform agreement with A Treds Ltd,RXIL. as a buyer, we will be discounting Purchase Bill thru' bid process on platform , we will feaute in Platform intermediary 's balance sheet.

Kindly guide about accounting Entry both for seller & buyer part. 

Incidentally,  as this is off balance sheet item, whether we need to notify MCA and lender banks [ CHG 1 holders].

Kindly guide.