netting agreement मीनिंग इन हिंदी

This includes netting agreements which provide for multilateral set-off.
The Insolvency Act has incorporated netting agreement relating to financial contracts will prevail over the statutory insolvency set-off provisions.
Where the company has entered into any netting agreements in relation to financial contracts, the contractual netting provisions shall prevail over the statutory set-off rights.
When a company goes into insolvent liquidation, any mutual debts between the company and a creditor intending to prove in the liquidation will be netting agreement relating to financial contracts will prevail over the statutory insolvency set-off provisions.