Power Finance Corporation organized workshop
PFC Vigilance Unit organized a workshop on 'Stressed Assets Resolution under the Insolvency & Bankruptcy Code, 2016.
Power Finance Corporation organized workshop
NEW DELHI- PFC Vigilance Unit organized a workshop on 'Stressed Assets Resolution under the Insolvency & Bankruptcy Code, 2016. Shri Vikram Kumar, CA & Insolvency Professional was the faculty for the workshop.
Join PSU Connect on WhatsApp now for quick updates! Whatsapp Channel
The Workshop was held in four sessions covering topics i) Claims under IBC, ii) Important & recent amendments to CIRP Regulations, iii) Important & recent Judicial pronouncements on IBC and iv) CIRP & Resolution process under IBC with special emphasis on resolution of corporate debtor in power sector.
Ms. Simmi R Nakra, CVO, PFC addressed the participants on the occasion.
ABOUT PFC-
PFC is under the administrative control of the Ministry of Power. PFC was conferred the title of a 'Maharatna CPSE' in Oct.,2021, and was classified as an Infrastructure Finance Company by the RBI on 28th July,2010.
Read Also : Railway Ministry reforms recruitment process via digital technology inclusionPFC plays a crucial role in the rise of India as a global player. Increasingly, a country's development is gauged by measuring its energy usage. With a large fraction of our nation still, unfortunately, without any access to electricity, PFC will become an increasingly important factor in the years to come.
Our shareholders and clients place their full faith in our ability to deliver unbeatable results. Despite the hardships played by the power and financial sectors, PFC continues to maintain a healthy loan book, as well as low levels of NPAs. This is thanks to PFC's robust evaluation and appraisal processes.
Read Also : Bank of Baroda Shares Slip Amid Margin Pressure and Slower Deposit Growth