What shall be treated as Debt under the Code ?
CS Professional · Insolvency - Law and Practice · PYQS · December 2019
What shall be treated as Debt under the Code ?
Answer & Explanation:
As per section 3(11) of the Insolvency and Bankruptcy Code, 2016, 'debt' means a liability or obligation in respect of a claim which is due from any person and includes a financial debt and operational debt.
Topics: Definitions under IBC
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