Extortionate credit transactions defined by terms demanding exorbitant payments or unconscionable contract terms during liquidation. Extortionate credit transactions are defined for liquidation as transactions that require the corporate debtor to make exorbitant payments for credit ... Summary
Extortionate credit transactions defined by terms demanding exorbitant payments or unconscionable contract terms during liquidation.
Extortionate credit transactions are defined for liquidation as transactions that require the corporate debtor to make exorbitant payments for credit provided or whose terms are unconscionable under contract law principles, per Regulation 11 of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016.
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