Non-Registration of Mortgage, hypothecation of Security Interest created by virtue of DRT Judgment can’t be classified as Unsecured Creditor: NCLAT [Read Order]
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The Delhi Bench of National Company Law Appellate Tribunal (NCLAT) held that Non-registration of mortgage, hypothecation of security interest created by virtue of Debt Recovery Tribunal judgment cannot be classified as Unsecured Creditor. The ABG Shipyard Limited, Corporate Debtor had obtained financial assistance from the Appellant vide sanction letter. A Medium Term Loan was sanctioned […] http://dlvr.it/SH9c4Y
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