equitable set off which the petitioner was entitled to seek and such
right was different than the right of legal set off provided in Order ... premise that the petitioner had actually set
off their claim and subsequently admitted not having actually set off,
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set off' or 'equitable set off', which reads as
under: -
"Legal set-off and equitable set-off ... Distinction
Equitable set-off differs from legal set-off. The
following are the points of difference between
the two :
(a) Legal set-off must
point of time. Another
contention of the learned counsel is that equitable set off made by the Respondent
in respect of the 5 invoices have ... Respondent that the learner Arbitrator has not considered the equitable set off
pleaded by the Respondent. It is to be noted that though the amendment
petitioning creditor.
Furthermore, the adjustment the company was seeking was equitable set
off. According to Mr. Saha the remedy of equitable set of lies when ... goods that it received in 2009.
The argument regarding equitable set off is premature, in my opinion. It
has to be seen, upon scrutiny
Crusher Plant and Hot-mix Plant by way of
equitable set-off" on the basis that it had invested some amount in
installation
single transaction is just and
equitable and not prohibited by Section 92(3) . Set-off is also
recognized by international tax experts and commentaries
transaction is just and equitable and not prohibited by Section
92(3) . Set-off is also recognized by international tax experts and
commentaries.
(x) Segregation
single
transaction is just and equitable and not prohibited by Section
92(3) . Set-off is also recognized by international tax experts and
commentaries
Kulwant Kumar Kalsan vs State Of Haryana And Ors on 1 April, 2015
Author: Rajiv
single transaction is just and equitable
and not prohibited by Section 92(3) . Set-off is also recognized by
international tax experts and commentaries
