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of <h1>Extortionate Transactions: Excessive Payment Terms Deemed Unconscionable Under Section 50(2) and Regulation 5 for Corporate Debtors</h1> A transaction is deemed extortionate under section 50(2) if the terms compel the corporate debtor to make excessive payments for the credit offered or if the terms are deemed unconscionable according to contract law principles. This provision is outlined in the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, under Regulation 5, focusing on protecting corporate debtors from unfair credit terms during insolvency proceedings.
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