I had purchased a plot of land from a developer in the outskirts of Kolkata in 2003. The plot of land was eventually found to be disputed and I brought a case against the developer in consumer court.
Now the developer wants to settle out of court and is offering me "the initial buying price + 9% simple interest on it, over 9 years" as settlement. Even my lawyer is insisting on that. Is this right? Should I get simple interest or compound interest on the money that I invested?
Is my lawyer trying to mislead me? I suspect that he could be in cahoots with the opposition as they want a speedy settlement.
Kindly throw some light on this matter as I’m confused and in urgent need of some advice.
Thanks in advance.
