Financial Restructuring and Bankruptcy Law

Article 17 — Article (17) Creditor's Discontinuance of its Claim for Debt

Chapter Two: Initiation of Proceedings

If the creditor or any of the creditors refrains from claiming its debt due to the settlement of such debt or an agreement with the debtor to postpone its repayment or for any other reason after submitting the request, the debtor is not considered to have defaulted if the remaining debt to the remaining creditors is less than the prescribed limit.

WAWhatsAppTGTelegram