Don't know if this will help, but don't see a recovery folder on the C: drive of our G752VT test unit unless the box to 'hide protected operating system files' is unchecked.
Also, if you haven't searched the internet, you'll find other customers with other brands of computers running Windows also see this file, so you may be able to find more information there, but doesn't sound like a good idea to delete it from what little I know about it.