Article 206 of Bankruptcy Law

The trustee shall notify the Bankruptcy Department of the creditors' approval or rejection of the composition within ten days of the date of the meeting at which approval or rejection was decided. He shall attach to the notification the terms of the composition, the minutes of the meetings, and evidence of attendance and voting. If the creditors approve the terms of the composition, he shall request its ratification. The bankruptcy judge shall ratify it within ten days of the date on which the Bankruptcy Department is notified of approval of the composition. Within ten days of issuance of the decision ratifying the composition, the Bankruptcy Department shall publish and announce the decision and register a summary thereof, and shall notify the Real Estate Registration and Authentication Department, the clearing agency and the custodians thereof. Ratification of the composition shall make it effective against the creditors entitled to vote on its terms. It shall also be effective against those creditors who approved it and those who rejected it, objected to it or did not attend the meeting.