legally enforceable debt
Querist :
Anonymous
(Querist) 30 November 2009
This query is : Resolved
Sir , Would you kindly explain the term "legally enforceable debt " ?
A V Vishal
(Expert) 30 November 2009
Legally enforceable debt means the debt which is contracted in accordance with law and which is not opposed to public policy.The Supreme Court in 2002(1) Crimes Page No.306 between A.V.Urthy Vs. B.S.Naga Basavanna, in directly referred to what is not legally enforceable liability.