Section 39: Order on approval. If the Court approves the proposal, the terms shall be embodied in an

Current legal status not independently verified — Source: Pakistan Code (single official PDF, 2026-08-21). Whether this provision is still in force has not been independently verified.

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39. Order on approval. 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 bi nding on all the creditors 2[so far as relates to any debt due to them from the debtor and provable under this Act].

Effective date: 1920-01-01

Related sections

Section 38: Compositions and schemes of arrangement Section 40: Power to re-adjudge debtor insolvent. If default is made in the payment of any instalment Section 37: Proceedings on annulment Section 41: Discharge Section 36: Power to cancel one of concurrent orders of adjudication. If, in any case in which an Section 42: Cases in which Court must refuse an absolute discharge

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