In the video at time stamp 1m 56s, S P Tulsian is saying that public shareholding of 23% in Monnet Ispat cannot be written down by Banks or NCLT. He has not given the reason for the same.
Approx Shareholding pattern in Monnet Ispat
Banks - 52%
Promoters - 25%
Public - 23%
@dd1474 Need you attention here.