Release deed or lokadalath

kumar (Querist) 13 August 2012 This query is : Resolved
Hi all,

I am from hindu family.I am having three sisters.All are married.My father got some ancestrol property.Now my sisters are ready to giveup their rights over my father's property.Should we go for release deed or lokadalath.I came to know that if we settle this matter in lokadalath ...it is very economical and my sisters cannot appeal in higher courts in future.But where as release deed is very expensive for our property.My query is, Which is safe and economical...Release deed or Lokadalath?

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Ravikant Soni (Expert) 13 August 2012
Yes it is safe..

kumar (Querist) 13 August 2012
Hi sir,
Which is safe and economical...Release deed or Lokadalath?

R.K Nanda (Expert) 13 August 2012
RD is best option.LA is for court pending
cases.

kumar (Querist) 13 August 2012
Is lokadalath is for pending cases or prilitigation cases??

prabhakar singh (Expert) 13 August 2012
It is for pending cases .

kumar (Querist) 15 August 2012

Hi sir,
In lokadalath website ..it is said that,lokadalath is also for prilitigation cases

prabhakar singh (Expert) 15 August 2012
Your mistaken Kumar!
Loak Adalats are not formed so that people can escape paying stamp duties.

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