The total recovery will be around Rs 10,200 crore against Rs 16,000 crore principal secured debt. It will thus be resulting in a 65 per cent recovery for the lenders
According to a Goldman Sachs note, the merged entity will be the 10th largest bank in the world and it will have an estimated market cap of $145 billion
During the first meeting, the committee of creditors (CoC) replaced the interim resolution professional (IRP) appointed by the company, as well as the process advisor and legal agency, , Go First crisis, National Company Law Tribunal (NCLT), Committee of Creditors (CoC)