Weak index of industrial production (IIP) data, high distribution companies (DISCOM) receivables, Central Electricity Regulatory Commission (CERC) ruling on Adani Power, Supreme Court (SC) ruling on February 12 circular, slow pace of stressed asset resolution, the power sector has had more than its fair share of complications. Ajay Kumar Bhalla, Power Secretary - who has been steering many of the power resolution programmes - discussed, decoded and analysed all these.