Under the IBC, debt is defined to include a liability or obligation in respect of a claim. Which of the following is an appropriate example of a claim:
All the above are valid examples of claims in respect of a debt since all entities in the above examples are either financial or operational creditors. The complete definition of debt under Section 3(11) of the IBC is that is a liability or an obligation in respect of a claim which is due from any person and includes a financial debt and operational debt. Thus, all examples fit within the definition of debt.