• Loan taken from a URAL co-operative society

i had taken a loan from a co-operative society but due to some heavy  debt my house was sold and now i am a tenant. It has been 3 years since the loan but now when i contacted the society for returning the loan they gave me a amount which is almost double of the loan. They put compound interest on it and saying that only court will give settlement on this its not on their hand. They are now sending me court notice. What should I have to do now? as i want to pay the principal amount but not willing to go through court.
Asked 2 years ago in Constitutional Law from New Delhi, Delhi
Repeated query. Already answered.
Ashish Davessar
Advocate, Jaipur
18061 Answers
447 Consultations
5.0 on 5.0

Ask a Lawyer

Get legal answers from top-rated lawyers in 1 hour. It's quick, easy, and anonymous!
Ask a Lawyer

Constitutional Lawyers

Ajay Sethi
Advocate, Mumbai
23151 Answers
1216 Consultations
5.0 on 5.0
Ashish Davessar
Advocate, Jaipur
18061 Answers
447 Consultations
5.0 on 5.0
Devajyoti Barman
Advocate, Kolkata
5179 Answers
54 Consultations
4.9 on 5.0
Shivendra Pratap Singh
Advocate, Lucknow
2731 Answers
41 Consultations
4.9 on 5.0
Thresiamma G. Mathew
Advocate, Mumbai
1316 Answers
85 Consultations
5.0 on 5.0
S J Mathew
Advocate, Mumbai
1950 Answers
65 Consultations
5.0 on 5.0
Shashidhar S. Sastry
Advocate, Bangalore
1233 Answers
59 Consultations
5.0 on 5.0
Saptarshi Banerjee
Advocate, Kolkata
183 Answers
4 Consultations
4.9 on 5.0
Nahush Khubalkar
Advocate, Nagpur
44 Answers
4 Consultations
5.0 on 5.0
Shivam Sood
Advocate, Ludhiana
80 Answers
0 Consultations
3.0 on 5.0