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Home Acts & Rules Insolvency and Bankruptcy Act Insolvency and Bankruptcy Code, 2016 Chapters List Chapter III (of Part II) LIQUIDATION PROCESS This
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Section 50 - Extortionate credit transactions. - Insolvency and Bankruptcy Code, 2016

Extract

..... Extortionate credit transactions. 50. (1) Where the corporate debtor has been a party to an extortionate credit transaction involving the receipt of financial or operational debt during the period within two years preceding the insolvency commencemen .....

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Section 50 - Extortionate credit transactions. - Insolvency and Bankruptcy Code, 2016

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..... s which is in compliance with any law for the time being in force in relation to such debt shall in no event be considered as an extortionate credit transaction. *********** Notes:- 1. Come into the force w.e.f. 15-12-2016 [F. N. 30/7/2016-Insolvency .....

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Section 50 - Extortionate credit transactions. - Insolvency and Bankruptcy Code, 2016

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