The chances of stressed power generation units landing in the insolvency court have increased after the Reserve Bank of India revised last month its framework for the resolution of non-performing assets. A more worrying aspect, according to sector analysts, is that these assets totalling more than 80,000 megawatts across operational and under-construction projects may not attract big players once put on the block, unlike stressed steel firms. The RBI, on February 12, withdrew its Strategic Debt Restructuring (SDR) and Scheme for Sustainable Structuring of Stressed Assets (S4A) schemes, and said accounts in which the banking sectors aggregate exposure was Rs 20 billion or above, lenders mu…
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