Bank of Baroda recovers ₹301 crore from Go First under ECLGS

The government's National Credit Guarantee Trustee Co Ltd has released ₹301 crore to Bank of Baroda (BoB) as part of its claim from loans given to the defunct Go First Airlines under the Emergency Credit Line Guarantee Scheme (ECLGS). This marks the first recovery for any lender from the bankrupt airline, with other lenders now looking to follow suit to recover their dues.