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of <h1>Extortionate Credit Defined: Section 50(2) Targets Unfair Corporate Debtor Terms Under 2017 Insolvency Regulations</h1> A transaction is deemed an extortionate credit transaction under section 50(2) of the Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) Regulations, 2017, if it involves terms that require the corporate debtor to make exorbitant payments for the credit provided or if the terms are unconscionable according to contract law principles.
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