definition of a debt, in that Act shows that it is considerably wide in its amplitude. The debt is defined to mean any liability ... under the definition of debt. It is true the exception is called for and necessary only when the debt as defined is wide
structuring of
financial debt under IBC, 2016 does not mean waiver of extinguishing of
sovereign debts.
60. “Operational debt” is incurred by a “corporate debtor ... includes any person to whom such debt has been
legally assigned or transferred.
“Operational debt” has been defined to mean a claim
in respect
defined in clause (iv) or Karnartham as defined in S. 3 of the Malabar Tenancy Act 1929, (Tamil Nadu Act XIV of 1930)
Debt ... debtor' means any person from whom any debt is due. 'Debt' has been defined as any liability in cash or kind, whether
provisions of Sec. 3 (iii) of the Act 4 of 1938, defining the debt, and the provisions in See. 4 of the Act exempting certain ... joint family Properties and that these amounts are clearly debts as defined in the Act which will not come within the exemption provision contained
liability arising out of a chit transaction will not be a debt as defined in Tamil Nadu Indebted Agriculturists (Temporary Relief ... been taken that a decree debt arising under a chit transaction will be a debt as defined in Section 2(2) of Act XXXVIII
that permission for withdrawal of an application pending before the Debts
Recovery Tribunal is necessary, and no action can be taken under the
Securitisation ... view of Section 2(g) of the 1993 Act which
defines "debt" to include a liability, whether secured or unsecured, even
unsecured debts
would certainly come within the meaning of the word "debt" as defined in Section 2(g) . Section 6 (1) of the Banking Regulation ... provisions of Act 51 of 1993. Since the word "debt" is defined to include any claim arising out of the business activity
invested in any Government security as defined in Section 2(2) of the Public Debt Act, 1944, or in any other security approved ... other security for this purpose. Section 2(2) of the Public Debt defines "Government security" as the security created and issued
plaintiff a mortgage of all the stock-in-trade, existing and future debts, &c, yet there are in it no words transferring ... mortgage of a debt, from a transaction "purporting to be by way of charge only" on the debt, defined a mere "charge
M/S Deccan Chronicles Holdings Limited vs The Union Of India on 8 May, 2014
