Mutual Debts
Legal definition for Indian law research
Definition
Mutual debts, money due on both sides between two persons.-See SET-OFF; and as to mutual credits, debts, or other mutual dealings between a debtor afterwards becoming bankrupt and a person proving a debt against him, see s.31 of the Bankruptcy Act, 1914, and Eberle's Hotel Co. v. Jonas, (1887) 18 QB 459.
Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.