India Debt Resolution Company Limited (IDRCL)

India Debt Resolution Company Limited (IDRCL) is a private sector entity with majority ownership held by private banks, incorporated in September 2021. It functions as the operational arm, or resolution agent, for the National Asset Reconstruction Company Ltd (NARCL), India's "bad bank". IDRCL's primary mission is to manage the stressed assets acquired by NARCL from commercial banks and undertake the resolution process, which includes value recovery through restructuring, sale, or other strategic measures. This dual structure, with NARCL for aggregation and IDRCL for resolution, was established by the Indian government to efficiently tackle the Non-Performing Assets (NPA) issue in the country's banking system.