Tag Archives: Section – 50 of Insolvency and Bankruptcy Code 2016

Section – 50 of Insolvency and Bankruptcy Code 2016

By | December 11, 2016

Section – 50 of Insolvency and Bankruptcy Code 2016 [ Comes into Force w.e.f 15.12.2016 vide Notification No S.O. 3687(E) Dated 09.12.2016 ] 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… Read More »