Debt Collection Agencies and Their Role Under the Insolvency and Bankruptcy Code

Ancoraa Resolution28 Nov, 2023Business

In India, the Insolvency and Bankruptcy Code (IBC) was introduced to streamline the insolvency and bankruptcy proceedings, offering a structured framework for resolving financial distress. Debt collection agencies play a crucial role in the IBC process, serving as intermediaries between creditors and debtors. In this blog, we will explore the role of debt collection agencies under IBC and how they contribute to the resolution of unpaid debts.