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    <title>2025 (7) TMI 289 - NATIONAL COMPANY LAW APPELLATE TRIBUNAL PRINCIPAL BENCH, NEW DELHI - LB</title>
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    <description>Security interest in liquidation may be proved under Regulation 21 of the IBBI (Liquidation Process) Regulations, 2016 by any prescribed mode, including registration with CERSAI. The text explains that this registration operates as an independent basis to establish secured creditor status, even if the charge is not registered with the Registrar of Companies under Section 77 of the Companies Act, 2013. It also notes that the insolvency framework under the Code prevails for proving security interest in liquidation, while the Companies Act registration requirement does not displace the specific modes recognised in the liquidation regulations.</description>
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      <description>Security interest in liquidation may be proved under Regulation 21 of the IBBI (Liquidation Process) Regulations, 2016 by any prescribed mode, including registration with CERSAI. The text explains that this registration operates as an independent basis to establish secured creditor status, even if the charge is not registered with the Registrar of Companies under Section 77 of the Companies Act, 2013. It also notes that the insolvency framework under the Code prevails for proving security interest in liquidation, while the Companies Act registration requirement does not displace the specific modes recognised in the liquidation regulations.</description>
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