Debt Collection Agencies and Their Impact Within The Insolvency and Bankruptcy Code

Ancoraa Resolution13 Jan, 2024Finance

To address this, the Insolvency and Bankruptcy Code (IBC) was introduced in India, providing a structured framework for handling insolvency and bankruptcy proceedings. Within this framework, debt collection agencies emerge as crucial players, acting as intermediaries between creditors and debtors. This blog delves into the role of debt collection agencies under the IBC, shedding light on their contributions to the resolution of unpaid debts.