It is liked by many because of the following reasons :
(i) Inhumanity pays. Jumman misbehaved with his aunt and had to pay for it as he lost his respect in front of the village.
(ii) Justice means the most. Algu and Jumman were said to be the best friends of the village. But when it came on Algu and he was made the panch he chose justice for Jumman's aunt but not Jumman's friendship. And he was right.
Even when Jumman was made the panch he took Algu as his enemy but he did what was right.
(iv) Story shows Indian culture. In India it is believed that Panch does justice and that's why it is said to be God in the Panch