law: Companies Act, 2013 
  295.
  
    Payment
  
  of debts by contributory and extent of set-off.
  1.      The Tribunal may, at
  
  any time after passing of a winding up order, pass an order requiring any
  
  contributory for the time being on the list of contributories to pay, in the
  
  manner directed by the order, any money due to the company, from him or from
  
  the estate of the person whom he represents, exclusive of any money payable by
  
  him or the estate by virtue of any call in pursuance of this Act.
  2.      The Tribunal, in
  
  making an order, under sub-section (1 ), may,—
  a.     
  
    in
  
  the case of an unlimited company, allow to the contributory, by way of setoff,
  
  any money due to him or to the estate which he represents, from the company, on
  
  any independent dealing or contract with the company, but not any money due to
  
  him as a member of the company in respect of any dividend or profit; and
  b.    
  
    in
  
  the case of a limited company, allow to any director or manager whose liability
  
  is unlimited, or to his estate, such set-off.
  1.     
  2.     
  3.      In the case of any
  
  company, whether limited or unlimited, when all the creditors have been paid in
  
  full, any money due on any account whatever to a contributory from the company
  
  may be allowed to him by way of set-off against any subsequent call.