alleryStart learning →For a liquidator, an unregistered charge is:
ADue for immediate payment
BCancelled by operation of law
CNot taken into account
DRanked ahead of all debts
Answer & Solution
Correct answer: C. Not taken into account
Section 77(3) says a charge that is not duly registered, with a certificate issued, is not taken into account by the liquidator or any other creditor.
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