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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Section 50(2): Identifying Extortionate Credit Transactions with Unconscionable Terms in Insolvency and Bankruptcy Regulations 2017.</h1> A transaction is deemed an extortionate credit transaction under section 50(2) if it involves terms that compel the corporate entity to make excessively high payments for the credit received or if the terms are deemed unconscionable according to contract law principles. This provision is part of the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017, outlining the powers and functions of the liquidator in managing such transactions.
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