Section 8(f)

(f) “corresponding new bank” shall have the meaning assigned to it in clause ( da) of section 5 of the Banking Regulation Act, 1949 (10 of 1949); 6[(g) “debt” means any liability (inclusive of interest) which is claimed as due from any person 7[or a pooled inve stment vehicle as defined in clause ( da) of section 2 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956)] by a bank or a financial institution or by a consortium of banks or financial institutions during the course of any business activity und ertaken by the bank or the financial institution or the consortium under any law for the time being in force, in cash or otherwise, whether secured or unsecured, or assigned, or whether payable under a decree or order of any civil court or any arbitration award or otherwise or under a mortgage and subsisting on, and legally