Extortionate credit transaction defined to include terms demanding exorbitant payments or otherwise unconscionable contractual terms in insolvency. Extortionate credit transaction is defined as a transaction whose terms require the corporate debtor to make exorbitant payments for credit provided or are otherwise unconscionable under contract law principles, serving as a standard for regulatory scrutiny in insolvency.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Extortionate credit transaction defined to include terms demanding exorbitant payments or otherwise unconscionable contractual terms in insolvency.
Extortionate credit transaction is defined as a transaction whose terms require the corporate debtor to make exorbitant payments for credit provided or are otherwise unconscionable under contract law principles, serving as a standard for regulatory scrutiny in insolvency.
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