https://www.taxtmi.com/caselaws?id=275846 A debenture charge over immovable assets requires registration under the Indian Registration Act because a charge creating an interest in specific immovable property falls within the statutory registration requirement; registration under the Companies Act alone gives only general notice and is insufficient to perfect the charge. Plant and machinery fixed to the earth or permanently attached for the working of a factory are immovable property, even if parts can be removed by bolts and nuts, where the attachment is for permanent use rather than temporary placement. On that basis, unregistered debentures did not create a valid charge on the company's immovable property, and the holders were treated as unsecured creditors. en-us Fri, 16 May 1958 00:00:00 +0530 Sat, 20 Oct 2018 10:13:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275846 A debenture charge over immovable assets requires registration under the Indian Registration Act because a charge creating an interest in specific immovable property falls within the statutory registration requirement; registration under the Companies Act alone gives only general notice and is insufficient to perfect the charge. Plant and machinery fixed to the earth or permanently attached for the working of a factory are immovable property, even if parts can be removed by bolts and nuts, where the attachment is for permanent use rather than temporary placement. On that basis, unregistered debentures did not create a valid charge on the company's immovable property, and the holders were treated as unsecured creditors. Case-Laws Companies Law Fri, 16 May 1958 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275846