ASREC Appeals NCLAT Dismissal of Mirage Ceramics Creditor Classification

NCLAT dismisses ASREC's appeal against NCLT order classifying Kamlesh Mehta as secured creditor in Mirage Ceramics liquidation.
Dispute centers on validity of second charge created via Bombay High Court consent decree and subsequent Deed of Charge.
Court rules registration with Sub-Registrar sufficient for security interest proof, rejecting ASREC's ROC registration requirement argument.
Appellant's claim of prejudice dismissed as first charge holder rights remain protected in liquidation waterfall.