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When it comes to mass litigation, costs and funding frequently lie close to the heart of a litigation strategy.

In recent years, the Indian market has been hit with a number of frauds and scams, especially in the banking sector, that have eroded the investments and deposits of thousands of people. The scams in Punjab and Maharashtra Co-operative Bank as well as Laxmi Vilas Bank are notable examples. In 2019-20 alone the total reported losses owing to bank fraud was at US$ 25 billion, excluding damages.

These incidents are potential mass claims waiting to be filed, collectively worth billions of dollars. Globally, third-party funders have assisted small claimants in situations like these by funding mass claims, and this is possible in India as well.
Thank you

Janmabhoomi Group Of News PapersDivya Baskar News PaperDainik Saamana

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