Section 46: Mutual dealings and set-off. Where there have been mutual dealings between an insolvent

Current legal status not independently verified — Source: Pakistan Code (single official PDF, 2026-08-21). Whether this provision is still in force has not been independently verified.

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46. Mutual dealings and set-off. Where there have been mutual dealings between an insolvent and a creditor proving or claiming to prove a debt under this Act, an account shall be taken of what is due from the one party to the other in respect of such mutual dealings and the sum due from the one party shall be set-off against any sum due from the other party, and the balance of the account, and no more, shall be claimed or paid on either respectively.

Effective date: 1920-01-01

Related sections

Section 45: Debt payable at a future time. A creditor may prove for a debt not payable when the Section 47: Secured creditors Section 44: Effect of order of discharge Section 48: Interest Section 43: Adjudication to be annulled on failure to apply for discharge Section 49: Mode of proof

Version provincial-insolvency-act-1920~PK-FED~base · Source-traceable official reference. LawHub does not modify the official record.