composition

Querist : Anonymous (Querist) 02 April 2011 This query is : Resolved
what is a composition deed ?

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R.Ramachandran (Expert) 02 April 2011
Where did you hear the term and please state in which context you are asking.

Kirti Kar Tripathi (Expert) 02 April 2011
composition deed is deed between debtor and several creditors in which the creditors agree to settled their climes with debtor on the basis of their proportionate ratio with the amount debtor has.

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