Section 173: Mutual credit and set-off

Q: What does Section 173 of The Insolvency and Bankruptcy Code, 2016 (IBC) deal with?

Section 173 IBC pertains to "Mutual credit and set-off". It is part of the The Insolvency and Bankruptcy Code, 2016, a legislation enacted by the Parliament of India. Section 173 of The Insolvency and Bankruptcy Code, 2016 (IBC) governs mutual credit and set-off. As verified on 21 May 2026.

Q: Is Section 173 IBC still in force?

Yes, Section 173 of the The Insolvency and Bankruptcy Code, 2016 is currently in force across the Republic of India.

Q: What is धारा 173 IBC?

धारा 173 IBC is the Devanagari Hindi reference for Section 173 of the The Insolvency and Bankruptcy Code, 2016. Section 173 of The Insolvency and Bankruptcy Code, 2016 (IBC) governs mutual credit and set-off. As verified on 21 May 2026.

Q: What is Dhara 173 IBC?

Dhara 173 IBC is the Roman Hindi reference for Section 173 of the The Insolvency and Bankruptcy Code, 2016. "Dhara" means "Section" in Hindi. Section 173 of The Insolvency and Bankruptcy Code, 2016 (IBC) governs mutual credit and set-off. As verified on 21 May 2026.

Q: How to cite Section 173 of The Insolvency and Bankruptcy Code, 2016?

Cite as: "Section 173, The Insolvency and Bankruptcy Code, 2016 (IBC)" in legal briefs. For academic writing, use the BlueBook format: The Insolvency and Bankruptcy Code, 2016, 2016, § 173 (India).

Law on Tips Editorial Board

Where there have been mutual dealings between the bankrupt and any creditor, an account shall be taken of what is due from each party to the other and the sums due from one party shall be set-off against the sums due from the other, and only the balance of the account shall be claimed or paid on either side respectively.