https://www.taxtmi.com/caselaws?id=110614 An unregistered charge does not bind the liquidator or other creditors in winding up, so a lender cannot be treated as a secured creditor merely because it claims hypothecation, mortgage or pari passu rights. The Official Liquidator was entitled to reject the claim where no duly registered charge was produced, and appellate interference was unwarranted because the record supported that assessment. The claim had to be valued as on the date of the winding up order, and later interest or enhancement could not convert an unsecured debt into a secured one. In the absence of registration under the Companies Act, 1956, the creditor's claim ranked only as unsecured. en-us Fri, 25 Jul 2003 00:00:00 +0530 Tue, 17 Apr 2012 17:29:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110614 An unregistered charge does not bind the liquidator or other creditors in winding up, so a lender cannot be treated as a secured creditor merely because it claims hypothecation, mortgage or pari passu rights. The Official Liquidator was entitled to reject the claim where no duly registered charge was produced, and appellate interference was unwarranted because the record supported that assessment. The claim had to be valued as on the date of the winding up order, and later interest or enhancement could not convert an unsecured debt into a secured one. In the absence of registration under the Companies Act, 1956, the creditor's claim ranked only as unsecured. Case-Laws Companies Law Fri, 25 Jul 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110614