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of <h1>Definition of 'Claim' under Insolvency and Bankruptcy Code, 2016: Right to Payment or Remedy for Contract Breach.</h1> Under the Insolvency and Bankruptcy Code, 2016, a 'claim' is defined as a right to payment, regardless of its status as judgment, fixed, disputed, or secured. It also includes the right to a remedy for a contract breach if it results in a right to payment, irrespective of whether this right is judgment, fixed, matured, disputed, or secured.
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