I don’t know but guessing. Technical means they have written it off, so this reflected in the PnL, but there could be a possibility, that the loan in full or in part can be recovered. Technical is used in the sense of a law, as in official. What they think, they hope or they plan to recover the dues are immaterial unless and until it happens, and the companies are bound by laws, so may be they say that.
100% guessing, zero knowledge.
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