person to whom a
financial debt is owed and a financial debt is defined
in Section 5(8) to mean a debt which is disbursed ... from any person and includes a financial debt and
operational debt.” The word ‘claim’ has been defined in
15
Section 3(6) to mean inter
understood in the context it is undertaken according to the definition debt defined in Section 2(g) of the DRT Act. If it comes within ... much help since Section 2(g) of DRT Act defines debt in a different manner, though, it might have a persuading value for interpreting
scaling down of the debt. That scaled down debt is the debt payable under the Act, and is the debt payable in instalments under ... that the debt is not a debt within the meaning of the Act. An excluded debt is not a debt as defined by Section
debt within the meaning of the Act. That being so, if at the time of the notice the debt is not a debt as defined ... liability amounts to a debt at all within the meaning of the Act but whether a debt as defined by the Act and] which
debt" in the Act did not contain anything beyond the concept of debt as understood by jurists and Judges, which was that a debt ... debt" in the Act. He made a reference to various Indian Statutes in which the term "debt" has been defined
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
realise the debt from the estate of the deceased debtor, in the sense in which 'debt; has been defined by the Full Bench.
When ... course is a person who owes a debt, but a 'debt' as defined in sub-section (1) may be owned
mature or not, simple or decretal. A mortgage debt is a debt. It is true some defined liabilities are excluded from that definition ... course is a person who owes a debt, but a 'debt' as defined in sub-section (1) may be owed
share certificates does not
amount to recovery of any debt. The expression ―debt‖ as defined in
Section 2(g) of the said Act only refers ... debt due‖
as quantified in money terms. Section 2 (g) defines ―debt‖ to mean any
liability (inclusive of interest) which is claimed as due from
respect of such a
debtor, that the expression "Debt" has been defined. However, even in
W.P.(C.) No.2404/2019 Page ... particular area.‖
42. The proviso to Section 9 shows that the defined debts of debtors (as
defined under the PRI Act), if they exceed
