https://www.taxtmi.com/caselaws?id=111758 A duly registered mortgage and a registered company charge bind subsequent purchasers, because registration gives statutory notice and prevents a later transferee from acquiring title superior to the mortgagor's interest. On the facts, the applicants could not rely on lack of actual notice to defeat the plaintiff's prior security interest, and the transfer to them conveyed no more than the equity of redemption. The pendency of the suit did not dilute the plaintiff's registered rights, so the challenge to the receiver's possession and proposed sale could not prevail. The chamber summons was therefore not maintainable on merits. en-us Thu, 27 Mar 2008 00:00:00 +0530 Wed, 10 Dec 2014 12:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111758 A duly registered mortgage and a registered company charge bind subsequent purchasers, because registration gives statutory notice and prevents a later transferee from acquiring title superior to the mortgagor's interest. On the facts, the applicants could not rely on lack of actual notice to defeat the plaintiff's prior security interest, and the transfer to them conveyed no more than the equity of redemption. The pendency of the suit did not dilute the plaintiff's registered rights, so the challenge to the receiver's possession and proposed sale could not prevail. The chamber summons was therefore not maintainable on merits. Case-Laws Companies Law Thu, 27 Mar 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111758