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Claim - Definition / Legal Terminology and Intorduction - Insolvency and BankruptcyExtract As per section 3(6) of the Insolvency and Bankruptcy Code, 2016 Claim means- (a) a right to payment, whether or not such right is reduced to judgment, fixed, disputed, undisputed, legal, equitable, secured or unsecured; (b) right to remedy for breach of contract under any law for the time being in force, if such breach gives rise to a right to payment, whether or not such right is reduced to judgment, fixed, matured, unmatured, disputed, undisputed, secured or unsecured;
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