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Doctrine of Equitable Set-Off: Critical Analysis - Legal India: Find Legal News, Articles, Tips and ask Query.
Introduction: Set-Off- Meaning and Characteristics: According to the Black’s Law Dictionary (Seventh Edition, 1999), a set-off is nothing but a debtor’s right to reduce the amount of a debt by any sum the creditor owes the debtor. In the case of, Union of India v. Karam Chand Thapar and Bros…