section (1) applies to (i) any composition deed; or (ii) any instrument relating to shares in a joint stock company, notwithstanding that the assets
registration had no effect.
4. The deed in question was a composition deed by which the debtors conveyed assigned and transferred to the appellants (therein ... debtors. The deed contains powers and provisions commonly found in a composition deed which creates a trust of property for the benefit of creditors
sale deeds were not valid sale deeds and the trustees have no power to execute the sale deeds, after the cancellation of the composition trust ... sale deed executed in favour of the subsequent purchaser and it is seen from the recitals in that sale deed that the sale deed
shall stand discharged. The defendants contended that in view of this composition-deed, the plaintiffs were not entitled to maintain this suit on the basis ... within time. This amendment was not only in respect of the composition-deed (Ex. D 1) but it also included the addition of other defendants
Deed of Composition,
the petitioners agreed to convey the suit property in favour of the
trustees by way of a Composition Deed to deal with ... paid as payable on a Deed of
Conveyance on the said consent terms or on the Deed of Composition.
30. It is submitted that
sale deeds were not valid sale deeds and the trustees have no power to execute the sale deeds, after the cancellation of the composition trust ... sale deed executed in favour of the subsequent purchaser and it is seen from the recitals in that sale deed that the sale deed
arrive at a composition with his creditors, but it was contended strenuously on behalf of the respondents that a composition deed properly so called ... them and that they agreed to accept that compositions; the essential test of a composition deed is that there ought to be a compounding
suit
property after plaintiff executed deed of composition. Plaintiff
referred to his composition deed in plaintiff's letter dated
19.05.2011 and plaintiff ... dated 09.07.2004 and
09.05.2004 Ex.DW1/3 (OSR) (colly)
(iv)Composition deed dated 20.10.2010 already exhibited
as Ex.PW1/X7.
(v)Letter
family arrangement was arrived at leading to the execution of a composition deed dated 18.4.1930 (Exhibit A.34) executed by Subramania Iyer ... decisions rendered therein would operate as res judicata. As for the composition deed (Exhibit A.34), it having been already hold as totally in -admissible
realised within the
period of four years prescribed in the composition deed and
the trustees did not extend the time.
242
The appellants, therefore, sought ... There are four
schedules to the composition deed. Schedule A sets out the
names of the creditors and the amounts due to them, Schedule