Budgam, June 19: The District Legal Services Authority (DLSA) Budgam has announced a Special Lok Adalat for bank recovery cases on July 18. The session will be held alongside the already scheduled Special Lok Adalat for matters under the Negotiable Instruments Act, 1881.
According to an official notification, the Special Lok Adalat aims to provide a platform for litigants, banks, financial institutions and other stakeholders to resolve bank recovery disputes through conciliation and mutual agreement. The initiative is intended to ensure the expeditious, cost-effective and amicable settlement of cases, thereby reducing the burden of prolonged litigation.
The DLSA has appealed to all concerned banks, financial institutions, litigants and stakeholders interested in settling their disputes through the Special Lok Adalat to approach the concerned courts, the District Legal Services Authority, Budgam, or the respective Tehsil Legal Services Committees well in advance for completing the necessary formalities.
DLSA that the primary objective of the Special Lok Adalat is to facilitate consensual dispute resolution and help reduce the pendency of bank recovery cases through amicable settlements.
The authority has urged all eligible parties to take advantage of the opportunity and participate in the Lok Adalat for an efficient and mutually beneficial resolution of their disputes.
