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    <title>1983 (7) TMI 337 - BOMBAY HIGH COURT</title>
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    <description>Section 125 of the Companies Act, 1956 invalidates only a charge created by the company that required registration but was not registered; it does not automatically invalidate a separate mortgage decree for sale obtained before winding up. A pre-winding-up decree enforcing the mortgage remains distinct from the underlying unregistered mortgage and can be executed against the official liquidator, provided it is not collusive or unconscionable. Section 529 did not alter that result on the facts stated. The operative point is that registration invalidity for the charge does not extend to a prior, valid decree enforcing it.</description>
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    <pubDate>Fri, 22 Jul 1983 00:00:00 +0530</pubDate>
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      <title>1983 (7) TMI 337 - BOMBAY HIGH COURT</title>
      <link>https://www.taxtmi.com/caselaws?id=279280</link>
      <description>Section 125 of the Companies Act, 1956 invalidates only a charge created by the company that required registration but was not registered; it does not automatically invalidate a separate mortgage decree for sale obtained before winding up. A pre-winding-up decree enforcing the mortgage remains distinct from the underlying unregistered mortgage and can be executed against the official liquidator, provided it is not collusive or unconscionable. Section 529 did not alter that result on the facts stated. The operative point is that registration invalidity for the charge does not extend to a prior, valid decree enforcing it.</description>
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      <pubDate>Fri, 22 Jul 1983 00:00:00 +0530</pubDate>
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