Special Lok Adalats: Fast-Tracking High-Value Debt Recovery

Special Lok Adalats: Fast-Tracking High-Value Debt Recovery

Special Lok Adalats: Fast-Tracking High-Value Debt Recovery In a bid to expedite the resolution of high-value financial disputes, Finance Minister Nirmala Sitharaman on Monday announced the planning of four Special Lok Adalats for 2026. The initiative targets reducing the backlog in Debt Recovery Tribunals (DRTs) and the Debt Recovery Appellate Tribunal (DRAT).Speaking in the Lok Sabha, Sitharaman revealed that the majority of cases pending befo…