https://www.taxtmi.com/acts?id=31147 Section 167 permits the adjudicating authority, on the bankruptcy trustee's application, to set aside or vary debts or security arising from extortionate credit transactions entered into by the bankrupt within two years before the bankruptcy commencement date, to require repayment of sums or surrender of property to the trustee, and to include recovered sums and surrendered property in the bankrupt estate; extortionate credit transactions are those requiring exorbitant payments or that are unconscionable, with compliant regulated financial services transactions excluded. en-us Tue, 02 Jan 2018 16:43:25 +0530 Fri, 06 Dec 2019 12:40:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=31147 Section 167 permits the adjudicating authority, on the bankruptcy trustee's application, to set aside or vary debts or security arising from extortionate credit transactions entered into by the bankrupt within two years before the bankruptcy commencement date, to require repayment of sums or surrender of property to the trustee, and to include recovered sums and surrendered property in the bankrupt estate; extortionate credit transactions are those requiring exorbitant payments or that are unconscionable, with compliant regulated financial services transactions excluded. Act-Rules IBC Tue, 02 Jan 2018 16:43:25 +0530 https://www.taxtmi.com/acts?id=31147