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    <title>2025 (10) TMI 624 - NATIONAL COMPANY LAW APPELLATE TRIBUNAL AT CHENNAI</title>
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    <description>A registered agreement for sale does not by itself convey title, and an unregistered memorandum intended to create an equitable mortgage cannot create an enforceable charge over corporate debtor property. Without registration of the charge under the Companies Act, 2013, and compliance with the Registration Act, 1908, the claimed security interest cannot bind the liquidator or support retention of title deeds. The absence of a sale deed, a valid registered charge, and any pursued specific performance left no enforceable proprietary right in favour of the claimant.</description>
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