STOCK MARKET BSE NSE

Over 3 Lakh Cases Settled in Lok Adalat

Published: 13th December 2015 02:51 AM  |   Last Updated: 13th December 2015 02:51 AM   |  A+A-

CHENNAI: As many as 3.16 lakh cases involving a whoping `342.44 crore were settled at the Lok Adalat camps held in Tamil Nadu on Saturday.

The TN State Legal Services Authority conducted the Adalats at 447 centres, including at Madras High Court and its Bench at Madurai.

Of the 3.16 lakh cases, pre-litigation cases accounted for 27,046, involving `94.85 crore. Regular cases pending before various courts accounted for 2.89 lakh.

The amount settled was `247.61 crore. The cases included cheque bounce, motor accident and matrimonial cases, other than divorce petitions.

Over 3 Lakh.JPGIn one case, a City-based private firm, which had borrowed a huge amount from Bank of India and defaulted with an outstanding to the tune of `11.65 crore including interest, was directed to pay `10.75 crore to the bank.

And the firm - Sabhari Foundation - issued a demand draft for `58.50 lakh to the bank at the Adalat itself. Another amount of `50 lakh is to be paid on or before December 31. Balance amount must be paid to the bank before March 31 next year. If not, this order would  be revoked on April 1 and the bank would be at liberty to proceed against the firm, the order said.

This case was pending before the Debt Recovery Tribunal-2 for years and it was settled just at two sittings at the Adalat.

Stay up to date on all the latest Chennai news with The New Indian Express App. Download now

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp