Which of the following is corect relating to the award of the Permanent Lok Adalat as per the Legal Services Authorities Act?
Section 22E. Award of Permanent Lok Adalat to be final—(1) Every award of the Permanent Lok Adalat under this Act made either on merit or in terms of a settlement agreement shall be final and binding on all the parties thereto and on persons claiming under them. (2) Every award of the Permanent Lok Adalat under this Act shall be deemed to be a decree of a civil court. (3) The award made by the Permanent Lok Adalat under this Act shall be by a majority of the persons constituting the Permanent Lok Adalat. (4) Every award made by the Permanent Lok Adalat under this Act shall be final and shall not be called in question in any original suit, application or execution proceeding. (5) The Permanent Lok Adalat may transmit any award made by it to a civil court having local jurisdiction and such civil court shall execute the order as if it were a decree made by that court.
A loss of 10(1/2) % gets converted into a profit of 11(3/5) % when the selling price is increased by Rs 265.20. The cost price (in Rs) of the article is:
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