Answer: The expression "debt" has to be given the widest amplitude to mean any liability which is alleged as due from any person by bank or financial institution or by a consortium of banks or financial institution during the course of any business activity undertaken by the them whether secured or unsecured or assigned whether payable under a decree or order of any Court or otherwise and legally recoverable on the date of the recovery application filed in Debts Recovery Tribunals by banks and financial institutions under Section 19 of RDB Act, 1993.

                  (See Section 2(g) of RDB Act, 1993)