Thiruvananthapuram

Woman threatens suicide as bank attaches house

She reportedly defaulted on housing loan repayment

A woman threatened to commit suicide at Ayira in the Pozhiyoor police station limits on Tuesday in protest against a bank attaching her property on account of loan default.

The woman, Selvi, entered the first floor of the house and threatened to commit suicide after the bank, on Monday, attached her property for loan default as per an order of the Chief Judicial Magistrate court.

Selvi and her husband Rajan Vaidyar had taken a housing loan of ₹5 lakh from Vijaya Bank, now merged with the Bank of Baroda, in 2005. The bank claimed that she had not been repaying the loan instalments since 2014 and they had no options but to initiate revenue recovery. The two-storey house sits on five cents of land near the Ayira government school.

On Monday night, Selvi had protested on the road against the bank’s action.

On Tuesday forenoon too, she threatened suicide. Though the police and the Fire and Rescue Services reached the spot, she refused to come down. It was only after some people, reportedly belonging to some political organisations, broke open the lock of the house that she came down, the Pozhiyoor police said.

Earlier occasion

The bank had attached the house on the orders of the Chief Judicial Magistrate court on August 31 too, but the next day Selvi had threatened suicide. That day too, the seal was broken by those supporting Selvi.

A case was registered by the Pozhiyoor police against her on a statement by the bank authorities, the police said.

Bank of Baroda Vellanad branch manager Subramanian K. said even before Rajan Vaidyar died in 2010 they had defaulted on loan instalments. The bank had initiated steps to attach the property but the couple had gone to the High Court and got a stay. After that, they had paid the loan instalments.

After Rajan Vaidyar’s death in 2010, Selvi would make irregular repayments, but the bank did not take any action against her on humanitarian grounds till 2014, Mr. Subramanian said.

By then, ₹5.20 lakh had been repaid, and a balance of ₹3.95 lakh remained. However, after that she stopped paying the loan instalments, and in 2015 on the order of the CJM court, advocate commissions too visited there, but each time she would submit in writing that she would repay the money. However, no instalments were paid. It was in July this year that the bank got the order from the CJM court to attach the property, he said.

The manager says he had visited her and her children to urge them to make some payment and visit the bank’s regional office to arrive at a settlement. However, she was not ready to listen to him or other officials or make any payments.

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Printable version | Apr 3, 2020 10:30:39 AM | https://www.thehindu.com/news/cities/Thiruvananthapuram/woman-threatens-suicide-as-bank-attaches-house/article29694546.ece

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