https://www.taxtmi.com/caselaws?id=97324 Application for extension of time to register a mortgage under section 120 was refused because the petition failed to show that omission to register would not prejudice creditors or shareholders or that relief would be just and equitable; the presentation of a winding up petition and appointment of a provisional liquidator were treated as crystallising unsecured creditors' rights from presentation of the petition and as material factors militating against discretionary relief, so the court declined to exercise its discretion to grant an extension for registration of the charge. en-us Mon, 07 Mar 1955 00:00:00 +0530 Mon, 16 Jan 2012 12:52:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97324 Application for extension of time to register a mortgage under section 120 was refused because the petition failed to show that omission to register would not prejudice creditors or shareholders or that relief would be just and equitable; the presentation of a winding up petition and appointment of a provisional liquidator were treated as crystallising unsecured creditors' rights from presentation of the petition and as material factors militating against discretionary relief, so the court declined to exercise its discretion to grant an extension for registration of the charge. Case-Laws Companies Law Mon, 07 Mar 1955 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97324