Man commits suicide after receiving revenue recovery notice from Karuvannur Service Cooperative bank
The Hindu
The bank sent a notice to him recently as part of the revenue recovery procedure
A customer who had taken loan from Karuvannur Service Cooperative bank committed suicide on July 22, allegedly after he received a notice for revenue recovery from the bank. The deceased was identified as T.M. Mukundan, 63, of Thelappilly, Karuvannur — a former panchayat member of Porathissery Panchayat. He was found hanging behind his house. Mukundan had taken ₹30 lakh from Karuvannur Service Co-operative bank many years back. It is reported that he renewed the loan many times for more amounts and finally the loan arrears reached ₹80 lakh.
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