1. An application to invalidate or rescind the composition shall be submitted to the Bankruptcy Department by any of the creditors, accompanied by all supporting documents, data and information indicating that either of the cases of invalidating the composition has been met or that the reason for the rescission has been fulfilled. The Bankruptcy Department shall, within (10) ten days from submitting the application, notify the creditors of the application and its attachments. It shall further notify the debtor and the bankruptcy trustee who was appointed to manage the bankruptcy proceeding and the Unit, where the debtor is supervised by the regulatory authority. 2. The debtor shall respond to or cancel the composition application within (10) ten days from the date of his notification. The trustee may make any comments on the application during the same period.
Interpretation and application must be checked against the official text and current version.