RECEIPT BY CREDITOR FOR COMPOSITION OF DEBT

RECEIPT BY CREDITOR FOR COMPOSITION OF DEBT 

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 

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