RECEIPT BY CREDITOR FOR COMPOSITION OF DEBT  [CD1] 

 

Dated___________ 

 

RECEIVED with thanks from sh.___________________ the sum of Rs.___________________________(in words) only, being a composition of________ % in the rupee upon a debt of Rs________ owing by the said Sh.________________________ to me. I accept this composition in full satisfaction and discharge of any said debt, and I, undertake to execute a formal release of the said debt at his request and expense. 

 

_____________ 

 

Signature of Creditor 

 [CD1]RECEIPT BY CREDITOR FOR COMPOSITION OF DEBT