1. ' By this petition under section 120 of the Companies Act, 1913, thpetitioner prays for extension of time for registration of the charge created by the registered mortgage deed. Mr. A.I. Chundrigar, Advocate, object to the extension of time, although the Assistant Registrar Joint Stock Companies in the written statement dated 13th August, 1979 has stated n objection. As regards the objection of Mr. Chundrigar, he submits that there is an agreement between the Industrial Development Bank and the borrower namely Ahmed Spinning Mills Ltd., not to charge or mortgage it properties without their permission. However, the genuineness of mortgage deed is not disputed. If there is any breach of the agreement that would make the Industrial Development Bank entitled to take any action in accordance with law but that would not be a ground to refuse extension of time. I, therefore, grant the petition and extend the time for two weeks from the date hereof.