UCO Bank Settles Rs 18 Lakh Claim

Authority: Supreme Court of India (Special Lok Adalat)

Order Date: 23-08-2026

Case Overview

• Parties: Appellant Amitava Ghosh vs. Chief Manager, UCO Bank & Others.
• Civil Appeal No. 5450/2023 under Section XVI before the Supreme Court Special Lok Adalat.
• Counsel for petitioner: Dr. Alakh Alok Srivastava (AOR Mr. Pradeep Yadav). Counsel for respondent: Mr. Partha Sil (AOR Mr. Utkarsh Dwivedi) and other advocates.
• The matter was resolved through an amicable settlement where UCO Bank agreed to pay a consolidated sum of Rs 18,00,000 (Rupees Eighteen Lakh) to the petitioner as full and final settlement.
• The settlement was digitally signed by Shubham Soni on 09‑09‑2026 16:41:53 IST (signature not verified).
• The petitioner participated via video conference and expressed willingness to accept the offer.

Final Outcome

• The Court directed UCO Bank to pay Rs 18,00,000 directly to Amitava Ghosh within thirty days from the order date, contingent upon the petitioner furnishing his bank account details to the bank.
• The Civil Appeal stands disposed of as settled on the above terms.

Topics: Legal Settlement, Banking