2.9.13:Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017
13. Extortionate credit transactions.
A transaction shall be considered an extortionate credit transaction under section 50(2) where the terms-
(a) require the corporate person to make exorbitant payments in respect of the credit provided; or
(b) are unconscionable under the principles of law relating to contracts.