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Over 56000 Cases Involving more than Rs.265 Crores were Settled through National Lok Adalat for Bank Recovery

Over 56000 cases were settled involving more than Rs.265 crores on Saturday (14.02.2015) through National Lok Adalat for bank recovery. Cheque bounce cases, particularly under Section 138 Negotiable Instruments Act were addressed in all courts at all levels from the Taluk Courts to the Districts Courts, High Courts in all states (excluding Assam & Uttar Pradesh) and the Supreme Court of India.

This was organized under the patronage of Hon’ble Mr. Justice H.L.Dattu, Chief Justice of India and the dynamic leadership of Hon’ble Mr. Justice T.S.Thakur, Judge Supreme Court of India & Executive Chairman of the National Legal Services Authority (NALSA). The Banks and financial institutions and others who participated were able to arrive at final settlements of more than Rs.265 crores.

Judges, Lawyers and various authorities including banks and financial institutions extended their full cooperation.

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KSP

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