Hi Avinash -
I don't have any advice for configuration for previous releases.
But just so you know -- at 10.2 M030 this capability was added to certain tables, including the Search Results table.
So, for example, in 10.2 M030, you can perform a search for all objects across all contexts that are checked out by you, and then from the search results table, you can perform a bulk check in operation. This is also available from folder tables: