Current Liabilities
Legal definition for Indian law research
Definition
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 s. 18FB. [Industries (Development and Regulation) Act, 1951 (65 of 1951), s. 3 (ac)]
Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.