https://www.taxtmi.com/manuals?id=3104 Applications under the IBC enable the liquidator or resolution professional to seek avoidance of extortionate credit transactions entered into by the corporate debtor within the relevant pre insolvency period where terms required exorbitant payments or were unconscionable. The Adjudicating Authority, if satisfied, may restore the pre transaction position, set aside the debt, modify terms, require repayment by recipients, or order relinquishment of security interests; transactions compliant with applicable financial services law are excluded. en-us Fri, 18 Aug 2023 14:22:00 +0530 Fri, 08 Dec 2023 15:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=3104 Applications under the IBC enable the liquidator or resolution professional to seek avoidance of extortionate credit transactions entered into by the corporate debtor within the relevant pre insolvency period where terms required exorbitant payments or were unconscionable. The Adjudicating Authority, if satisfied, may restore the pre transaction position, set aside the debt, modify terms, require repayment by recipients, or order relinquishment of security interests; transactions compliant with applicable financial services law are excluded. Manuals IBC Fri, 18 Aug 2023 14:22:00 +0530 https://www.taxtmi.com/manuals?id=3104