1. In the event that the conditions for composition are fully implemented, the trustee shall submit an application to the Bankruptcy Department to issue a decision terminating the bankruptcy proceeding through composition and shall notify the authorities specified in Article (197) of this Law of this application within (10) ten days from the expiration date of the deadline granted to creditors to submit their objections to the Bankruptcy Department. Creditors shall submit their objections to the Bankruptcy Department within (10) ten days from the date of notification of the application. 2. The Bankruptcy Court shall issue its decision on the application within (10) ten days from the date of its submission. In the event that the application is approved, its decision regarding the termination of the bankruptcy proceeding through composition shall be issued, in addition, the Bankruptcy Department shall announce and record the decision within (10) ten days following its issuance.
Interpretation and application must be checked against the official text and current version.