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75. MSX 8470 : Respondents Nos. 2, 4, 11 and 12 are claiming rights over this vehicle. Respondent No. 12 bases his claim under exhibit A-149, a refinancing hire-purchase agreement. Though respondent No. 12 advanced moneys for the purchase of the vehicle and entered into a financing hire-purchase agraement, exhibit A-155, yet it was cancelled and exhibit A-149 was entered into. The charge under this agreement not having been registered, the claim of respondent No. 12 as preferential creditor ought to fail. Respondent No. 11 bases his claim on the refinancing hire-purchase agreement, exhibit A-143. This has no force because the charge has not been registered under the Companies Act. The claim of the 11th respondent to rank as a preferential creditor falls to the ground. As regards respondents Nos. 2 and 4, they both claim as hypothecatees of the vehicle; the former under exhibit A-27 registered under exhibit R-54 and the latter under exhibit A-54 registered under exhibit A-58. Both are entitled to rank as preferential creditors and the official liquidator will deal with themas such.

76. MSX 8471 : Respondents Nos. 2, 4, 11 and 13 are the claimants over this vehicle. Respondent No. 13 bases his claim under exhibit A-164, a refinancing hire-purchase agreement. Though respondent No. 13 advanced moneys for the purchase of the vehicle and entered into a financing hire-purchase agreement, exhibit A-163, yet it was cancelled and exhibit A-164 was entered into. The charge under this agreement not having been registered, the claim of respondent No. 13 as preferential creditor ought to fail. Respondent No. 11 bases his claim on the refinancing hire-purchase agreement, exhibit A-143. This has no force because the charge has not been registered under the Companies Act. The claim of the 11th respondent to rank as a preferential creditor falls to the ground. As regards respondents Nos. 2 and 4, they both claim as hypothecatees of the vehicle the former under exhibit A-27 registered under exhibit R-54 and the latter under exhibit A-54 registered under exhibit A-58. Both are entitled to rank as preferential creditors and the official liquidator will deal with them as such.

77. MSX 8928: Respondents Nos. 2, 4, 15 and 22 are the claimants over this vehicle. Respondent No. 15 bases his claim under exhibit A-166, a refinancing hire-purchase agreement. Though respondent No. 15 advanced moneys for the purchase of the vehicle and entered into a financing hire purchase agreement, exhibit A-165, yet it was cancelled and exhibit A-166 was entered into. The charge under this agreement not having been registered, the claim of respondent No. 15 as preferential creditor ought to fail. Respondent No. 22 bases his claim on the refinancing hire-purchase agreement, exhibit A-188. This has no force because the charge has not been registered under the Companies Act. The claim of the 22nd respondent to rank as a preferential creditor falls to the ground. As regards respondents Nos. 2 and 4, they both claim as hypothecatees of the vehicle, the former under exhibit A-27 registered under exhibit R-54 and the latter under exhibit A-54 registered under exhibit A-58. Both are entitled to rank as preferential creditors and the official liquidator will deal with them as such.

80. MSX 9411 : Respondents Nos. 2, 4, 13 and 23 are the claimants over this vehicle. Respondent No. 13 bases his claim under exhibit A-168, a refinancing hire-purchase agreement. Though respondent No. 13 advanced moneys for the purchase of the vehicle and entered into a financing hire-purchase agreement, exhibit A-167, yet it was cancelled and exhibit A-168 was entered into. The charge under this agreement not having been registered, the claim of respondent No. 13 as preferential creditor has to fail. Respondent No. 23 bases his claim on the refinancing hire purchase agreement, exhibit A-201. This has no force because the charge has not been registered under the Companies Act. The claim of the 23rd respondent to rank as a preferential creditor falls to the ground. As regards respondents Nos. 2 and 4, they both claim as hypothecatees of the vehicle ; the former under exhibit A-27 registered under exhibit R-54 and the latter under exhibit A-54 registered under exhibit A-58. Both are entitled to rank as preferential creditors and the official liquidator will deal with them as such. MSX 9564: Respondents Nos. 4, 11 and 12 are the claimants over this vehicle. Respondent No. 12 bases his claim under exhibit A-146, a refinancing hire-purchase agreement. Though respondent No. 12 advanced moneys for the purchase of the vehicle and entered into a financing hire-purchase agreement, exhibit A-152, yet it was cancelled. The subsisting hire purchase agreement under exhibit A-146 which creates a charge has not been registered under the Companies Act. Hence his claim to rank as a preferential creditor fails. Respondent No. 11 rests his claim on an unregistered refinancing hire-purchase agreement, exhibit A-137. He cannot therefore claim preference. The net result is that the claim of the 4th respondent as a registered hypothecatce under exhibit A-54 has to be upheld and he will be treated as such by the official liquidator, who shall pay the sale proceeds of the vehicle to the 4th respondent, less expenses, costs and charges, which have to be reckoned pro rata by him.