Lok Adalat is one type of conciliation resolve dispute between parties with amicable settlement.
One think is that the IDEA company filed a case for recovery of money from you and before going into the merit the matter put up in Lok Adalat for amicable settlement. It is depend on you whether you want to settle the matter or not. If you want to settle the matter go and attend and show to the judicial officer you evidence. If he may reduce the amount or exempt the amount.
Jyotirmaya Prasad Behera
Advocate, Orissa High Court