{"id":29509,"date":"2022-03-15T17:34:10","date_gmt":"2022-03-15T12:04:10","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-boi-lok-adalat\/"},"modified":"2022-03-15T17:41:41","modified_gmt":"2022-03-15T12:11:41","slug":"biz-boi-lok-adalat","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-boi-lok-adalat\/","title":{"rendered":"Bank of India refers over 3 lakh cases involving Rs 5,700 cr to National Lok Adalat"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-195122753\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p> Mumbai, Mar 15 (PTI) State-run Bank of India (BOI) on Tuesday said it has referred 3,20,116 cases amounting to Rs 5,700.16 crore to National Lok Adalat conducted on March 12, 2022.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-123871785\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p> Of these, 12,224 cases were settled involving an amount of Rs 102.53 crore, the bank said in a release.<\/p>\n<p> &#8220;An amount of Rs 23.76 crore have been recovered upfront on March 12, 2022. Efforts are on to recover the balance of compromised amount within the time frame stipulated in the award,&#8221; the bank said adding that due consideration was given to Covid-affected customers while arriving at settlement terms.<\/p>\n<p> The lender participated in the\u00a0first National\u00a0Lok Adalat of 2022 organised on March 12 by the\u00a0Legal Services Authorities across the country, under the aegis of National Legal Services Authority (NALSA).<\/p><div class=\"trade-content_5\" id=\"trade-4145535567\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> National Lok Adalats, which are conducted across the country, offer an Alternative Dispute Resolution platform where cases are disposed on the basis of amicable settlement without any expense on the part of litigants and it is free of cost.<\/p>\n<p> It is a speedy method of bringing litigating parties on the same side, saving them from the rigours of trial \/ adjudication which is generally time consuming, complex and costly.<\/p>\n<p> Besides, Lok Adalats reduce the burden on arrears of the court disposal of long pending litigation between the parties. PTI HV  MR MR<\/p>\n<div class=\"trade-after-content\" id=\"trade-1285676306\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Mumbai, Mar 15 (PTI) State-run Bank of India (BOI) on Tuesday said it has referred 3,20,116 cases amounting to Rs 5,700.16 crore to National Lok Adalat conducted on March 12, 2022. Of these, 12,224 cases were settled involving an amount of Rs 102.53 crore, the bank said in a release. &#8220;An amount of Rs 23.76 [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1697,31],"tags":[],"class_list":["post-29509","post","type-post","status-publish","format-standard","hentry","category-economy","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bank of India refers over 3 lakh cases involving Rs 5,700 cr to National Lok Adalat - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-boi-lok-adalat\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bank of India refers over 3 lakh cases involving Rs 5,700 cr to National Lok Adalat\" \/>\n<meta property=\"og:description\" content=\"Mumbai, Mar 15 (PTI) State-run Bank of India (BOI) on Tuesday said it has referred 3,20,116 cases amounting to Rs 5,700.16 crore to National Lok Adalat conducted on March 12, 2022. 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