Bubba,

If you cant repay loan why did you borrow then?

Doesnt make sense right.?

You do one thing. Go lok adalat on said date, aur gididao ki paisa dena nahi hota.  they will tell you go jail.  You tell nahee main jail jaana nahi chahta, mere paas 19999 he, wo lelo aur mera jaan chodo.  Only these type of drama happen in lok adalat.  if bankwala buys your drama, you will pay 19999 and get rid of case. Waise bhi if bankwala can let go mallya run away, thoda drama aur adjustment karwaloge bankwale ke saath toh, you can get away with this also.

Dont abscond. that become bigger headache than what you are facing now.  and 79999 is not that big amount that you think of running away like mallya.

The date was set for 11.02.2017. Did you attend it?

This is all a farce.  They wanted number of cases for show.  Every one knows what cases are compromised, and how they are compromises.  Not even one genuine case will be entertained as compromise.  LSA can do nothing and they will dismiss the case as there is no compromise by the defendant/respondent.  While some insist such relectunce from other party in the form of a written statement, some Hon Judges even do not insist that written/Counter and just immediately dispose the PLC stating that respondent is not willing to compromsie.  However, it is always better to appear and  propose some compromise through repayment in installments for a longer time, waiver of penalty and establish some genuine proposition, they petitioner goes back and as such there can not be a compromise.  But the notices must be respected.

I heard that some borrowers/depositors  are also filed similar PLC, none from the Bank appeared, and finally a memo was sent through an unknown representative stating they are not for compromise, ( one sentence), and permanent lokadalat dismissed the case..