Lok Adalats Subject: Economy Context: The number of non-per-forming assets (NPAs) referred by banks to various recovery channels, including Lok Adalat and the Insolvency and Bankruptcy Code (IBC) route, in 2021-22 witnessed a four-fold jump compared to 2020-21 as lakhs of small ticket loans were referred for resolution to Lok Adalats of banks. […]

    LOK ADALATS Subject: Polity Context: For Lok Adalats, speed overrides quality .The system must look beyond swift disposal of cases and focus on just and fair outcomes. Concept: 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 […]