https://www.taxtmi.com/caselaws?id=96940 An unregistered sub-mortgage may fail as security over immovable property, yet still operate as an assignment of the underlying debt and its realised proceeds. The invalidity of the mortgage interest does not necessarily extinguish the charge over the actionable claim represented by the debt. On company charges, timely filing of the charge particulars can amount to substantial compliance even if ministerial registration is delayed later. Where the statutory particulars are lodged within time and registration is ultimately completed, the charge is not avoided against the liquidator or creditors on that basis. en-us Tue, 19 Feb 1946 00:00:00 +0530 Fri, 13 Jan 2012 12:47:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96940 An unregistered sub-mortgage may fail as security over immovable property, yet still operate as an assignment of the underlying debt and its realised proceeds. The invalidity of the mortgage interest does not necessarily extinguish the charge over the actionable claim represented by the debt. On company charges, timely filing of the charge particulars can amount to substantial compliance even if ministerial registration is delayed later. Where the statutory particulars are lodged within time and registration is ultimately completed, the charge is not avoided against the liquidator or creditors on that basis. Case-Laws Companies Law Tue, 19 Feb 1946 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96940