Dear Sir
I had taken personal loan of Rs. 50,000/- from one of the co-operative bank in Bangalore and before that I had takne Gold loan (actually it was my friends jewel and loan was taken by my friend in my name). Further there was over due of 4 months EMI from my side to bank but now i am paying EMI regularly (except 4 months overdue), recently I (my friend went to bank and paid) paid the total loan amount of Gold Loan.. while repaying bank authority never informed anything but after recevidng the gold loan amount ..now they are refusing to release the gold and asking me to clear the personal loan then only they will release the gold. is it legal? Now my friend presuring me to get release the gold. What should I do.
Please help me.
