1.0Law Times Journalhttps://lawtimesjournal.inT. Madihahttps://lawtimesjournal.in/author/t-madiha/NCLAT Order: Financier cannot claim status of ‘Secured Creditor’rich600338<blockquote class="wp-embedded-content" data-secret="Nb8MLx4Et7"><a href="https://lawtimesjournal.in/nclat-order-financier-cannot-claim-status-of-secured-creditor/">NCLAT Order: Financier cannot claim status of ‘Secured Creditor’</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://lawtimesjournal.in/nclat-order-financier-cannot-claim-status-of-secured-creditor/embed/#?secret=Nb8MLx4Et7" width="600" height="338" title="“NCLAT Order: Financier cannot claim status of ‘Secured Creditor’” — Law Times Journal" data-secret="Nb8MLx4Et7" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script type="text/javascript">
/* <![CDATA[ */
/*! This file is auto-generated */
!function(d,l){"use strict";l.querySelector&&d.addEventListener&&"undefined"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!/[^a-zA-Z0-9]/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),o=l.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),c=new RegExp("^https?:$","i"),i=0;i<o.length;i++)o[i].style.display="none";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute("style"),"height"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):"link"===t.message&&(r=new URL(s.getAttribute("src")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener("message",d.wp.receiveEmbedMessage,!1),l.addEventListener("DOMContentLoaded",function(){for(var e,t,s=l.querySelectorAll("iframe.wp-embedded-content"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute("data-secret"))||(t=Math.random().toString(36).substring(2,12),e.src+="#?secret="+t,e.setAttribute("data-secret",t)),e.contentWindow.postMessage({message:"ready",secret:t},"*")},!1)))}(window,document);
/* ]]> */
</script>
https://lawtimesjournal.in/wp-content/uploads/2020/10/NCLAT.jpg1200628While dismissing an appeal filed by Volkswagen Finance Pvt. Ltd. against an order of the National Company Law Tribunal (NCLT), the National Company Law Appellate Tribunal (NCLAT) said holding that registration of a vehicle with Motor Vehicle Authority under Section 51 of the Motor Vehicles Act, 1988 does not qualify as registered ‘charge’ for a valid claim before a liquidator. Thus, NCLT order had refused to set aside the order of the liquidator passed against Volkswagen.