https://www.taxtmi.com/caselaws?id=97284 Section 120(1) permits the court to extend the time for registration of a mortgage or charge where omission was accidental, due to inadvertence, or for some other sufficient cause, or where registration omission is not prejudicial or where it is just and equitable; any one ground suffices and the solvency of the company is not determinative. Subsection (2) prevents an extension from prejudicing rights acquired in respect of the particular property prior to actual registration, thereby protecting prior secured rights but excluding unsecured creditors even if winding up has intervened; extension was granted on that basis. en-us Wed, 28 Jul 1954 00:00:00 +0530 Mon, 16 Jan 2012 11:48:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97284 Section 120(1) permits the court to extend the time for registration of a mortgage or charge where omission was accidental, due to inadvertence, or for some other sufficient cause, or where registration omission is not prejudicial or where it is just and equitable; any one ground suffices and the solvency of the company is not determinative. Subsection (2) prevents an extension from prejudicing rights acquired in respect of the particular property prior to actual registration, thereby protecting prior secured rights but excluding unsecured creditors even if winding up has intervened; extension was granted on that basis. Case-Laws Companies Law Wed, 28 Jul 1954 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97284