The Debts Recovery Tribunal (DRT) at Seminary Hills, Nagpur, under the Ministry of Finance, organised a National Lok Adalat on Saturday to amicably settle pending debt recovery cases across Vidarbha. The event witnessed heavy participation from bank officials, legal representatives, and borrowers who were issued special notices to resolve their disputes. Out of 117 cases presented, 26 were successfully settled, leading to a total recovery of Rs 14.90 crore. Cases lacking formal preparation were deferred to the next Lok Adalat.

 

Operating under the Legal Services Authorities Act, 1987, Lok Adalats offer a statutory, non-punitive platform for negotiation. Awards passed are considered final, binding civil court decrees with no provision for appeal in any court. This forum is highly praised for being fast and economical. It eliminates the need for lawyers, saves time, requires zero settlement fees, and even refunds previously paid court fees, ensuring a mutually beneficial resolution for all parties involved.