There are
ample precedents of our country also adopting the concept of joint & mutual
wills. 'Theobald' on Wills 19th Edition (Sweet ... Duty, Ahmedabad , (1986) 1 SCC 701, had elaborately considered the concept
of Joint & mutual Will. The above case was also a case
Rajasthan Cylinders And Containers ... vs U.O.I And Anr on 1 October, 2018
Equivalent
Regulations, which is as reproduced below:
"29. Mutual credits and set-off. Where there are mutual dealings between
the corporate debtor and another party ... debtor."
Clearly therefore, the concept of set-off in the liquidation process stands on the
premise of mutual credits and dealings undertaken the between
mutual financial obligations towards each other. We have no hesitation in
coming to the conclusion that revenue sharing concept is deeply embedded in
the Agreement
State Of Kerala And Others vs Fr.William Fernandez Etc Etc on 9 October, 2017
Anand Kumar Sharma vs State Of U.P. Thru' Secretary And Others on 13
Govt. Of Nct Of Delhi vs Union Of India on 14 February, 2019
Equivalent citations
State Of Kerala And Others vs Fr.William Fernandez Etc Etc on 9 October, 2017
filing of a claim, a creditor
can set-off mutual credit, mutual debts or other mutual dealings between
the CD and the creditor, which ... noticed
that although in the Liquidation Regulation, 2016, Regulation 29 provides
for mutual credits and set-off, there is no specific provision, which could
filing of a claim, a creditor
can set-off mutual credit, mutual debts or other mutual dealings between
the CD and the creditor, which ... noticed
that although in the Liquidation Regulation, 2016, Regulation 29 provides
for mutual credits and set-off, there is no specific provision, which could
