https://www.taxtmi.com/caselaws?id=111009 An unregistered charge could not be enforced against the Official Liquidator in winding-up proceedings, because section 125 of the Companies Act, 1956 rendered it void as against the liquidator. The Court found no inconsistency between that provision and the State Financial Corporations Act, 1951, and held that section 32(10) of the 1951 Act did not confer any priority over other creditors where liquidation had already commenced before recourse to section 31 proceedings. The appellant was therefore not entitled to be treated as a secured creditor or to claim priority in the liquidation. en-us Tue, 13 Sep 2005 00:00:00 +0530 Fri, 16 Aug 2013 16:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111009 An unregistered charge could not be enforced against the Official Liquidator in winding-up proceedings, because section 125 of the Companies Act, 1956 rendered it void as against the liquidator. The Court found no inconsistency between that provision and the State Financial Corporations Act, 1951, and held that section 32(10) of the 1951 Act did not confer any priority over other creditors where liquidation had already commenced before recourse to section 31 proceedings. The appellant was therefore not entitled to be treated as a secured creditor or to claim priority in the liquidation. Case-Laws Companies Law Tue, 13 Sep 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111009