What’s December without some nostalgia! Today, It’s the last Friday before Christmas. To us, for almost a decade, it meant packing our bags and taking a night train to Patna. My father planned his 10-day leave from work months in advance. We’d spend the first week with Amma & Abba , and the remaining three days with my maternal grandparents. We never broke the pattern. Afternoon naps with Amma were the best. She would tuck me in by her side and narrate stories till I slept. Today, let me tell you one. In the years gone by, there lived a man not loved by many. He had some weird habits. When invited to a wedding, he’d reach after the main ceremony. Instead of gifts for the newly married, he’d hand out a letter. Restaurant servers didn’t like him either. Out on rare dates, he never shelled out a tip. He’d slip the letter along with the bill, always kept by his side of the table. Time passed and he distributed these letters to several people in varied situations. They had just three words. Nobody understood what they meant. And he remained a man not loved by many. The letters read: Break the pattern! That is precisely what four out of six independent directors of PTC India, the country’s largest power-trading company, have done in the past weeks. Usually considered a docile, sweet memoir, they’ve turned their resignation letters into a scathing expose raising grim corporate-governance issues. Added to this last week, Power Grid Corporation, Power Finance Corporation, NTPC and NHPC—among the most significant state-run players in India’s power sector—reportedly decided to sell their stakes in PTC India. And it seems to be a state-sponsored nudge. There is so much much more! bring you an action-packed chronicle of adverse forensic-audit findings, defiant refusals, counter-allegations and independent directors’ resignations. It's a free story, so do share it widely a new year gift from Mumbai Multimedia Studio!
