244 Extortionate credit transactions

244  Extortionate credit transactions

(1)     This section applies as does section 238, and where the company is, or has been, a party to a transaction for, or involving, the provision of credit to the company.

(2)     The court may, on the application of the office-holder, make an order with respect to the transaction if the transaction is or was extortionate and was entered into in the period of 3 years ending with [the day on which the company entered administration or went into liquidation].

(3)     For the purposes of this section a transaction is extortionate if, having regard to the risk

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