What is disputed debt?

It's a debt that you won't or don't believe you owe. For example, you won't agree with amount the creditor billed as your debt of purchase.

Pundareekaksha Guptha P

CA Inter

★ 210

29-Aug-21 15:53

Sorry bro, didn't get it

Thread Starter

Sibi Srinivasan

CA Final

★ 22K+

29-Aug-21 18:07

It's like you bought something for credit @2000 but the creditor billed it for Rs.2050., the debt you won't accept you owe...!

Pundareekaksha Guptha P

CA Inter

★ 210

29-Aug-21 18:29

Ok bro. The creditor knows that the debtor won't accept such extra debt. Then why is he doing like that?

Thread Starter

Sibi Srinivasan

CA Final

★ 22K+

29-Aug-21 18:31

See, it's not like why or how, it explains what. Means some people might have done it, or might try to do it. That's explained in the way of disputed debt. That's it.

Pundareekaksha Guptha P

CA Inter

★ 210

29-Aug-21 18:41

Understood. Thank you :)

Thread Starter

Sibi Srinivasan

CA Final

★ 22K+

29-Aug-21 18:49