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COMPOSITION
WITH
CREDITORS FOR
PAYMENT IN
INSTALLMENT
BY THE DEBTOR
AND
GUARANTOR
(WHERE
PAYMENT IS
SECURED BY AN
ASSIGNMENT
OF MONEY DUE
UNDER
CONTRACTS)
THIS DEED OF COMPOSITION is made on this ___ day of ____
BETWEEN
Sh.____________, S/o Sh.__________, R/o ____________________ (hereinafter called "the
Debtor" which expression shall unless repugnant to the context include his heirs, legal
representative and assigns) of the first part;
IN WITNESS WHEREOF, the parties to this deed have scribed their hands on the day and year
above mentioned.
Witnesses:
1.
The Debtor
2.
The Trustee
3.
The Guarantor
4.
The Creditors