Where a composition deed is executed in favour of all creditors who shall accede within a stipulated time, creditors who neither assent nor dissent within the time are not necessarily excluded from all benefit of the deed; and, under the circumstances of the case, creditors who had delayed their accession to a composition deed for several years after the limited time.
Held: entitled to participate in the benefits thereof.
Citations:
[1860] EngR 1304, (1860) 1 J and H 444, (1860) 70 ER 821
Links:
Jurisdiction:
England and Wales
Insolvency
Updated: 07 August 2022; Ref: scu.286143