IBC referred Cases: Value investing or Value trap?

This is todays news about Monnet Ispat.

The restructuring plan proposed by the JSW Steel-Aion Capital joint venture for Monnet Ispat involved Monnet promoter the Jajodia family owning 8 per cent stake in the company post restructuring, banks 10 per cent, public holding at 8 per cent and the JSWAion venture 74 per cent.

This is not inline with what S P Tulsian said in IBC referred Cases: Value investing or Value trap?