law: Factoring Regulation Act, 2011 
  16. Defences and
  
  right of set off of debtor.-
  In a claim by the
  
  assignee against the debtor for payment of the assigned receivable, the debtor
  
  may raise against the assignee,
  a.     
  
    all
  
  defences and right of set off arising from the original contract, entered into
  
  between the assignor and debtor or any other contract that was part of the same
  
  transaction, of which the debtor could avail himself as if the assignment had
  
  not been made and such claim were made by the assignor instead of assignee:
  Provided that the
  
  assignee shall, unless otherwise agreed between the parties, be entitled to
  
  recover from the assignor, any loss suffered by it as a result of any such
  
  defences and right of set off being exercised by the debtor;
  b.    
  
    any
  
  other right of set off if it was available to the debtor at the time notice,
  
  under section 8, of the assignment was received by the debtor.