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    • Question

      The term debt has been defined under IBC as

      _________________
      A Liability or obligation in respect of a claim which is due from any person Correct Answer Incorrect Answer
      B Liability or obligation in respect of a claim which is due from any person and includes a financial debt and operational debt Correct Answer Incorrect Answer
      C Liability or obligation in respect of a claim which is due from any person and includes a financial debt Correct Answer Incorrect Answer
      D Either a or b or c Correct Answer Incorrect Answer

      Solution

      Section 2 (11) “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.

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