1. The trustee shall notify the Bankruptcy Department of the creditors' approval or disapproval of the composition, not later than (10) ten days following the meeting in which the approval or disapproval was decided. He shall attach to the notification the terms of the composition, minutes of meetings and sheet of attendance and voting. If the creditors agree to the terms of the composition, it shall be ratified. The Bankruptcy Court shall ratify the same, not later than (10) ten days following notifying the Bankruptcy Department of the approval of the composition. The Bankruptcy Department shall, within (10) ten days from the issuance of the decision to ratify the composition, notify and announce the decision in accordance with Article (35) of this Law, and its summary shall be registered in the Bankruptcy Register and the Commercial Register. 2. The ratification of the composition shall be effective with respect to the creditors who have the right to vote on the terms of the composition. It shall also be effective with respect to the creditors who approved and disapproved or objected to the same or the ones who failed to appear at the meeting.
Interpretation and application must be checked against the official text and current version.