https://www.taxtmi.com/caselaws?id=294955 The Tribunal dismissed the appeal, ruling that the Appellant's failure to promptly register the charge resulted in their classification as an Unsecured Financial Creditor in the Resolution Plan. Despite arguing for Secured Financial Creditor status based on an equitable mortgage, the Appellant's delayed registration post-approval of the plan was deemed unacceptable. The CoC's emphasis on the importance of charge registration and the legal provisions requiring timely registration were pivotal in the decision. The Tribunal's decision was grounded in the Appellant's lack of proactive action in addressing the registration issue promptly. en-us Wed, 18 Dec 2019 00:00:00 +0530 Wed, 12 May 2021 08:26:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294955 The Tribunal dismissed the appeal, ruling that the Appellant's failure to promptly register the charge resulted in their classification as an Unsecured Financial Creditor in the Resolution Plan. Despite arguing for Secured Financial Creditor status based on an equitable mortgage, the Appellant's delayed registration post-approval of the plan was deemed unacceptable. The CoC's emphasis on the importance of charge registration and the legal provisions requiring timely registration were pivotal in the decision. The Tribunal's decision was grounded in the Appellant's lack of proactive action in addressing the registration issue promptly. Case-Laws Companies Law Wed, 18 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294955