https://www.taxtmi.com/caselaws?id=98796 An unregistered charge under section 125 of the Companies Act, 1956 was treated as void only against the liquidator and creditors, so interest payments made under a lawful subsisting arrangement before liquidation could not be reopened or recalculated at the original rate. The court also applied the settled test of attachment and permanent beneficial enjoyment to hold that wooden partitions, a pump-set, a hut, a motor-car shed, lights and fans, together with other integrated improvements, formed part of the mortgaged property where the deed covered additions, improvements and accessions. The mortgage security was therefore upheld in the form claimed by the mortgagees. en-us Thu, 12 Nov 1970 00:00:00 +0530 Tue, 24 Jan 2012 10:54:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98796 An unregistered charge under section 125 of the Companies Act, 1956 was treated as void only against the liquidator and creditors, so interest payments made under a lawful subsisting arrangement before liquidation could not be reopened or recalculated at the original rate. The court also applied the settled test of attachment and permanent beneficial enjoyment to hold that wooden partitions, a pump-set, a hut, a motor-car shed, lights and fans, together with other integrated improvements, formed part of the mortgaged property where the deed covered additions, improvements and accessions. The mortgage security was therefore upheld in the form claimed by the mortgagees. Case-Laws Companies Law Thu, 12 Nov 1970 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98796