when the Act proceeds to define "debt" by Section 2(6) . "Debt" is defined in reference to the status ... displaced persons and where debts are due from displaced persons, the 'debt' is to mean the debt as defined in Clause
recover debts due to them.
Now, it is not all debts fhat form the subject of this legislation. "Debt" has been defined ... made by a displaced creditor which are claims to a debt or debts as defined by the Act, because there the very expression "displaced
provisions of the Ordinance.
12. Section 2 (e) of the Act defines debt. It provides;
" "Debt" means any liability, in cash ... provisions of the Act. Section 2(e) Of the Act defines debt. It takes in 'a liability arising out of a loan
having the debt specified therein.
(2) The Word debt' in: Sub-section (1) includes any debt except rent, revenue or profits payable in respect ... debt was required to be given, for example in our Debt Laws. But the word 'debt' as is ordinarily understood has been defined
Provident Fund is not an 'asset', but a
'debt', is not open to the respondents in view of Ghanshyam Mishra
(supra ... Section 3(11) of the IB Code which defines 'debt' as a
liability or obligation in respect of a claim which
company as defined under Section 3(7) of the IB Code.
Section 3(11) of the IB Code defines a "debt ... relating to any debt shall be deemed to have
been stayed", and it applies only to "debt" as defined under
amount other than debt
cannot lie before Tribunal. He refers to definition of term
"Debt" as defined under Section ... payable does not fall within the
definition of term debt, as defined under the Act. In this
context, it is held that the scheme
debt other than a penalty; or
(iii) on a guarantee, where the claim against the principal is in respect of a debt or liquidated demand ... word "Debt". Black's Law Dictionary (8th Ed.) defines "Debt" as under:
A sum of money due by certain
rates specified in the Schedule."
"Valuation date" is defined in section 2(q) of the Act in the following terms ... obligation to pay an ascertained sum of money. Jowitt defines "debt" as :
"a sum of money due from one person to another
debt exists, what is the amount of the debt. It is clear that the debt referred to in Section 9(1) is the debt denned ... adjudication that a person is a displaced person and debts defined by the Act are due by him. What is material and relevant
