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    <title>1986 (6) TMI 232 - HIGH COURT OF BOMBAY</title>
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    <description>Filing the prescribed particulars and a duly verified copy of a charge with the Registrar within the thirty day period validates the charge against the liquidator even if a registration certificate is absent; therefore the creditor&#039;s charge is valid. A sale by a chargee exercised under its power of sale outside the company&#039;s winding up is not void for want of leave under the winding up provisions. Consequently the secured creditor is entitled to receive its secured share of the sale proceeds and the liquidator is precluded from claiming that portion.</description>
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    <pubDate>Fri, 20 Jun 1986 00:00:00 +0530</pubDate>
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      <title>1986 (6) TMI 232 - HIGH COURT OF BOMBAY</title>
      <link>https://www.taxtmi.com/caselaws?id=101440</link>
      <description>Filing the prescribed particulars and a duly verified copy of a charge with the Registrar within the thirty day period validates the charge against the liquidator even if a registration certificate is absent; therefore the creditor&#039;s charge is valid. A sale by a chargee exercised under its power of sale outside the company&#039;s winding up is not void for want of leave under the winding up provisions. Consequently the secured creditor is entitled to receive its secured share of the sale proceeds and the liquidator is precluded from claiming that portion.</description>
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