KALPETTA: The South Indian Financial institution’s (SIB) senior supervisor of selling division mentioned in a press release that there was no strain from the financial institution on their buyer Tomy M V, 56, former further public prosecutor and a Pulpally native, over recovering his mortgage dues by SARFASI continuing.
Tomy was discovered hanging inside the home in Irulam close to Sultan Bathery on Thursday. He had availed a mortgage of Rs 12 lakh from the Pulpally department of SIB in 2013. Financial institution officers arrived at his home on Wednesday to grab the property as per the court docket order.
“The financial institution has been making an attempt to amicably settle this account over the previous six years. On Wednesday, the financial institution’s officers visited his home together with advocate commissioner, police and financial institution officers to observe the settlement process. The client promised to pay a settlement quantity of `16 lakh inside 10 days. An preliminary quantity of Rs 4 lakh was remitted on the identical day and the financial institution didn’t take possession of the property. We agreed to amicably settle the problem,” the senior supervisor mentioned in a press launch.