2005 (9) TMI 310

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....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 follows : 3. Long after a winding up order....

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...., 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 Financial Corporations Act, 1951 (hereinafter referred ....