https://www.taxtmi.com/caselaws?id=213444 The court held that the funded interest account should be treated as secured debt as it represented interest accrued on term loans for which a charge had already been registered, negating the need for additional registration. The court overturned the official liquidator's decision and ruled in favor of the appellant, Andhra Pradesh State Financial Corporation, allowing the funded interest amount of Rs. 33,12,717 to be considered secured debt in relation to the funded interest loan account. en-us Tue, 14 Jun 2011 00:00:00 +0530 Fri, 08 Feb 2013 10:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213444 The court held that the funded interest account should be treated as secured debt as it represented interest accrued on term loans for which a charge had already been registered, negating the need for additional registration. The court overturned the official liquidator's decision and ruled in favor of the appellant, Andhra Pradesh State Financial Corporation, allowing the funded interest amount of Rs. 33,12,717 to be considered secured debt in relation to the funded interest loan account. Case-Laws Companies Law Tue, 14 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213444