What do you understand by 'crystallisation of floating charge' under the Transfer of Property Act, 1882?

Crystallisation of floating charge Crystallization is the process by which a floating charge becomes a fixed charge. A floating charge becomes fixed or crystallises in the following cases: When the money becomes payable under a condition in the debenture and the debenture holder, (i.e., the creditor) takes some steps to enforce the security; When the company ceases to carry on business; and When the company is being wound-up.