Debt

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..... 2010 (5) TMI 379 - SUPREME COURT] , while examining the interpretation and application of the word `debt' , held that it was a generic term and, thus, of wide amplitude : language of section 2(g) of the Recovery Act ........... We may notice some of the general expressions used by the framers of law in this provision: a) any liability; b) claim as due from any person; c) during the course of .....

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..... . Therefore, it will be difficult for the Court, even on cumulative reading of the provision, to hold that the expression should be given a narrower or restricted meaning. What will be more in consonance with the purpose and object of the Act is to give this expression a general meaning on its plain language rather than apply unnecessary emphasis or narrow the scope and interpretation of these pro .....

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