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Commercial Collection agency

Commercial Collection agency

Submitted by • March 31, 2020

A bad debt recovery is business debt accounts receivable that is recovered either in whole or in part after it has been written off or classified as a bad debt. Because it generally generates a loss when it is written off, a bad debt recovery usually produces income. This can be carried out through court by law under section 138, Civil recovery suit or NCLT.

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Voted by vikasmalik

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