Transfer Amount from One Vendor to Another Vendor

Transfer Amount from One Vendor to Another Vendor

One of the vendors, who has a balance with us, has closed the business and has started a new business; Now he wants me to transfer the outstanding from the old account to the new Vendor Account. I am trying to do this using Payment Settlement a/c, But not possible to receive money from Vendor. How to go about?

Another Context:

VRl Logistics has different GSTN for each State, hence different Vendor for each State. Now, I want to transfer all payable to  VRL-KA. How to Do?
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