If the Court approves the proposal, the terms shall be embodied in an order of the Court, and 1 [***] the order of adjudication shall be annulled, and the provisions of section 37 shall apply, and the composition or scheme shall be binding on all the creditors 2[so far as relates to any debt due to them from the debtor and provable under this Act].
Section 39: Order on approval
The Provincial Insolvency Act, 1920Central Act · Act 5 of 1920
Where this provision sits
| Act | The Provincial Insolvency Act, 1920 |
|---|---|
| Section | 39 |
| Marginal note | Order on approval |
| Jurisdiction | Central |
| Status | In force as published by the source |
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