Legal glossary
“current liabilities”
Defined in 1 Acts. A definition holds for the Act that gives it; the same word can mean something else in another Act.
The Industries (Development and Regulation) Act, 1951 · s. 3
"current liabilities" means liabilities which must be met on demand or within a period of twelve months from the date they are incurred; and includes any current liability which is suspended under section 18FB;]
Read section 3