The Legal Services Authorities Act, 1987: Lok Adalats: Jaiib/DBF Paper 3 (Module C) Unit-14

The Legal Services Authorities Act, 1987: Lok Adalats: Jaiib/DBF Paper 3 (Module C) Unit-14

Dear bankers,

As we all know that is The Legal Services Authorities Act, 1987: Lok Adalats for JAIIB Exam. JAIIB exam conducted twice in a year. So, here we are The Legal Services Authorities Act, 1987: Lok Adalats (Unit-14), Banking Related Laws (Module C), Legal & Regulatory Aspects of Banking -Paper 3.

♦Organisation of lok Adalats

  • Lok Adalts are organized by the State Authority, the Distt. Authority, the Supreme Court Legal Service Committee or High Court Legal Services Committee or Taluk legal Services committee, at such intervals and places as deemed appropriate. The Lok Adalts are created under Legal Services Authority Act 1987.

♦Jurisdiction of Lok Adalats

A Lok Adalt has jurisdiction to determine and arrive at a compromise or settlement between the parties to the dispute.

Types of Cases

It deals with the cases where

  •  The parties to the dispute agree to refer the issue to Lok Adalt;
  • One of the parties approaches the Lok Adalt and Lok Adalt is satisfied that there are chances of settlement. In such case, the Adalt issues notice to the other party;
  • In the opinion of the Lok Adalt, the cognizance of the dispute can be taken.

Note: The Monetary ceiling of amounts regarding which civil disputes can be settled under this mechanism is presently Rs 20lacs. The repayment period should be within one to three years.

♦Nature of Award of The Lok Adalats

  • The Award of Lok Adalat shall be deemed to be a decree of a civil court or an order of any other court. In case of compromise or settlement arrived at by a Lok Adalat the court fee paid in the case shall be refunded in the manner provided under the Court fees Act, 1870. Every award shall be binding on all the parties to the dispute. No appeal shall lie in any court against the award.

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