https://www.taxtmi.com/forum/issue?id=2992 Entitlement of a creditor to be treated as a secured creditor in liquidation where one creditor holds a registered charge with ROC and another financial institution claims security under a hire purchase agreement without creating or registering a charge, in light of Section 125 of the Companies Act, 1956 rendering unregistered charges ineffective; the query seeks authority on whether an unregistered hire purchase lessor may nevertheless rank as secured and claim a share of sale proceeds. en-us Thu, 05 May 2011 19:43:01 +0530 Thu, 23 Jan 2025 15:58:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=2992 Entitlement of a creditor to be treated as a secured creditor in liquidation where one creditor holds a registered charge with ROC and another financial institution claims security under a hire purchase agreement without creating or registering a charge, in light of Section 125 of the Companies Act, 1956 rendering unregistered charges ineffective; the query seeks authority on whether an unregistered hire purchase lessor may nevertheless rank as secured and claim a share of sale proceeds. Discussion-Forum Companies Law Thu, 05 May 2011 19:43:01 +0530 https://www.taxtmi.com/forum/issue?id=2992