Imported texture has default settings when the .meta file has a merge conflict

Reproduction steps:
1. Create a new Unity project
2. Copy “IMAGE” and “IMAGEMETA” to the assets folder
3. Right-click in the Project window > Reimport
4. Select “Assets/IN-63849_BG.png“ and observe the Texture Type and Shape
5. Open “\Assets\IN-63849_BG.png.meta" and remove conflict
6. Repeat steps 3 and 4

Expected result: Texture Type is “Sprite (2D and UI)“ when it is imported or an error is thrown
Actual result: Texture Type is “Default“ when importing a file with a merge conflict

Reproducible with: 2021.3.32f1, 2022.3.16f1, 2023.2.4f1, 2023.3.0a19

Reproducible on: Windows 10
Not reproducible on: No other environment tested