https://www.taxtmi.com/caselaws?id=96555 A debenture charge may validly attach to debts as movable assets even where it cannot operate on immovable property for want of registration under the Registration Act. The instruments were effective as charges on the company's undertaking, but not to the extent they purported to affect the land security comprised in deposited title deeds. The legal distinction between the debt and the immovable security meant that failure to create a charge over the property did not defeat the charge over the debts themselves or the sums later realised from them, including from a debtor, guarantor, or sale of the security. en-us Thu, 21 May 1931 00:00:00 +0530 Mon, 09 Jan 2012 12:43:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96555 A debenture charge may validly attach to debts as movable assets even where it cannot operate on immovable property for want of registration under the Registration Act. The instruments were effective as charges on the company's undertaking, but not to the extent they purported to affect the land security comprised in deposited title deeds. The legal distinction between the debt and the immovable security meant that failure to create a charge over the property did not defeat the charge over the debts themselves or the sums later realised from them, including from a debtor, guarantor, or sale of the security. Case-Laws Companies Law Thu, 21 May 1931 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96555