Concept:
Lok Adalats are alternative dispute resolution mechanisms established under the Legal Services Authorities Act, 1987.
Step 1: Evaluating Statement A.
Nyaya Panchayats handle minor disputes at the local level, but they are not specifically intended to reduce the burden of High Courts. Therefore, Statement A is incorrect.
Step 2: Evaluating Statement B.
Lok Adalats have statutory recognition and their awards are legally binding. Hence, Statement B is incorrect.
Step 3: Evaluating Statement C.
Lok Adalats provide inexpensive, speedy, and informal dispute resolution. Therefore, Statement C is correct.
Step 4: Evaluating Statement D.
Section 20(1) of the Legal Services Authorities Act specifies the matters that may be referred to Lok Adalats. Therefore, Statement D is correct.
Step 5: Final conclusion.
Statements C and D are correct. Hence, the correct answer is Option (C).