Which of the following statements regarding the recent recovery by the Bank of Baroda under the Emergency Credit Line Guarantee Scheme (ECLGS) is/are correct?
- The National Credit Guarantee Trustee Co Ltd has released Rs 301 crore to the Bank of Baroda (BoB) as part of its claim from loans given to the defunct Go First Airlines under the ECLGS.
- This recovery marks the first instance of any lender recovering funds from the bankrupt Go First Airlines.
- The Bank of Baroda is the sole financial creditor to Go First Airlines.
1
Only 1 is correct
2
Only 2 is correct
3
Both 1 and 2 are correct
4
Both 2 and 3 are correct
5
All 1, 2, and 3 are correct