<h1>Lok Adalat at Mumbai Bench resolves 203 cases, compounds 61 offences under Companies Act, 1956; Rs.70.49 lakh collected.</h1> The first Lok Adalat at the Company Law Board's Mumbai Bench successfully addressed 203 cases under section 58A(9) of the Companies Act, 1956, facilitating agreements for the repayment of small deposits. Additionally, 61 out of 81 applications for compounding offences were resolved with companies agreeing to pay a composition fee totaling Rs.70,49,500. Efforts were also made to mediate disputes under sections 397 and 398, achieving significant progress. The event was supported by legal and financial professionals, with plans for another session in February 2014.