Barclays Limited issued a debenture to Finale Bank years ago. The debenture was described as a fixed and floating charge over all the assets of the company. However, due to inadvertence, the charge was not dated or registered within time. The company is now in liquidation and the loan is in arrears. Finale Bank seeks your legal advice on whether it can rely on the charge to prove its claim in liquidation proceedings of the company

Required:using I-R-A-C method, advice Finale Bank