What is Actionable Claim ?

Sec. 3 of TP Act defines actionable claim to a claim:
1. To any debt other than a debt secured by mortgage of immovable property or by hypothecation or pledge of movable property
2. To any beneficial interest in movable property not in possession actual or constructive of the claimant
3. Which the Civil Courts recognise as affording grounds for relief, whether such debt or beneficial interest be existent, accruing, conditional or contingent.

Actionable claim means:

—A claim to an unsecured debt or
—A claim to any beneficial interest in movable property not in possession of the claimant

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