Debt definition expanded to include pooled investment vehicle obligations, aligning recovery law with securities provisions. Amendment to the definition of debt in the Recovery of Debts Due to Banks and Financial Institutions Act, 1993, to expressly include obligations incurred by pooled investment vehicles as defined in the securities legislation; the insertion to clause (g) of section 2 aligns the Act's definitional scope with related securities-law provisions and is consequential to a new securities provision.
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Provisions expressly mentioned in the judgment/order text.
Debt definition expanded to include pooled investment vehicle obligations, aligning recovery law with securities provisions.
Amendment to the definition of debt in the Recovery of Debts Due to Banks and Financial Institutions Act, 1993, to expressly include obligations incurred by pooled investment vehicles as defined in the securities legislation; the insertion to clause (g) of section 2 aligns the Act's definitional scope with related securities-law provisions and is consequential to a new securities provision.
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