Mutual credit and set-off.

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..... before the bankruptcy commencement date, there have been mutual dealings between the bankrupt and any creditor, the bankruptcy trustee shall- (a) take an account of what is due from each party to the .....

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..... under sub-section (1), if that other party had notice at the time they became due that an application for bankruptcy relating to the bankrupt was pending. *********** Notes:- 1. Come into the force .....

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