BANKING AFFAIRS

Detailed explanation-1: -First time lok adalat was held in Gujrat in 1999. It is a forum where cases pending on panchayat or at pre litigation stage in a court of law are settled. They have been given statutory status under the Legal Services Authorities Act, 1987.

Detailed explanation-2: -Lok Adalat is one of the alternative dispute redressal mechanisms, it is a forum where disputes/cases pending in the court of law or at pre-litigation stage are settled/ compromised amicably. Lok Adalats have been given statutory status under the Legal Services Authorities Act, 1987.

Detailed explanation-3: -Lok Adalat is one of the significant modes of Alternative Dispute Resolution (ADR) mechanism. It is strictly not a Court in the conventional sense in as much as the Lok Adalat does not adjudicate on dispute. It is a forum where disputes between the parties are resolved by conciliation, mediation and negotiation.

Detailed explanation-4: -Lok Adalat is a Statutory Organization under the Legal Services Authorities Act, 1987, and was created as an alternative dispute resolution mechanism used in India to resolve disputes/grievances outside courts. It is a forum where cases pending on panchayat, or at a pre-litigation stage in a court of law, are settled.

Detailed explanation-5: -Lok Adalats are informal subordinate courts where disputes are resolved through mediation and settlement. These settlements are intended to provide an alternate dispute resolution system and free legal aid.