And then many of us are cursing oh, no I have no recovery USB stick readied for a such an event because I have been lazy. With many of the potential solutions outline in this post http://pcsupport.about.com/od/fixtheproblem/ht/rebuild-bcd-store-windows.htm
And guess what pressing F11 on start did not work. Going to the UEFI settings only gets you to the BIOS settings and there seem to be no setting there to allow you to get out of seeing this error screen.
Well, it turns out there is still another option. I contacted my machine's manufacturer (Asus) who told me their machines requires one to press F9 on start up to get to an option screen. However, on the BIOS settings, it is important to firstly turn off the Fast Boot option if it was on.
Once Fast boot is disabled, press F9 continuously on startup and voila the screen like below appears.
It turns out that in some cases like mine, just choosing the Continue option from the above screen, can correct the BCD corruption problem. Although I must admin others may be suffering a bigger problem with the harddisk for Windows to report such an error. And a full recovery may be required. At least it gives the users a chance to select the Troubleshoot option and boot in Advance Mode.