2005 (9) TMI 310

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....arwal, A.P. Dhamija, Sarad Singhania and H.D. Thanvi for the Appellant. Ms. Madhurima Tatia and Aruneshwar Gupta for the Respondent. ORDER 1. This appeal is against an order dated 19-2-1997, by which the Division Bench of the High Court of Rajasthan dismissed two appeals one against an order dated 22-2-1991, and another against an order dated 25-8-1994. 2. Briefly stated the facts are as ....

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....In that appeal some reliefs were given. However, it was dismissed by the order dated 25-8-1994, qua the claim of the appellants that they were secured creditors. The dismissal was based on section 125 of the Companies Act, 1956, which provides that if a charge is not registered then the charge would become void as against the Official Liquidator. 5. In our view, no provision of the State Financ....