'Charge' was not registered as per the provisions of Section 77 (1) of the Companies Act, 2013 and as envisaged under the Insolvency and Bankruptcy Code, 2016, hence the Creditor cannot be treated as a 'Secured Creditor.'
source https://www.caclubindia.com/articles/non-registration-of-charge-with-roc-may-deprive-you-from-position-of-secured-creditor-46135.asp
source https://www.caclubindia.com/articles/non-registration-of-charge-with-roc-may-deprive-you-from-position-of-secured-creditor-46135.asp
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