https://www.taxtmi.com/manuals?id=5594 The term debt includes liabilities to repay capital sums by way of annuities and liabilities under guarantees, with "debt charges" construed accordingly; it is a specified sum due under agreement or a fixed obligation to pay. Judicial authority prescribes a broad construction-any liability, whether secured or unsecured and arising in business, that is legally recoverable-favoring a liberal interpretation consistent with the statute's purpose. en-us Wed, 23 Oct 2024 15:18:00 +0530 Thu, 19 Jun 2025 16:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=5594 The term debt includes liabilities to repay capital sums by way of annuities and liabilities under guarantees, with "debt charges" construed accordingly; it is a specified sum due under agreement or a fixed obligation to pay. Judicial authority prescribes a broad construction-any liability, whether secured or unsecured and arising in business, that is legally recoverable-favoring a liberal interpretation consistent with the statute's purpose. Manuals Indian Laws Wed, 23 Oct 2024 15:18:00 +0530 https://www.taxtmi.com/manuals?id=5594