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IUML leader P Abdul Hameed has taken board membership in the CPM-controlled bank.
The Kerala Bank has made it clear that it will not cooperate with the process unless Supplyco settles the outstanding dues of Rs 534.72 crore.
The banking regulator's action was triggered by KTDFC's inability to repay Rs 130 crore to Sri Ramakrishna Mission based in Kolkata, even months after the expiry of its term.
The KTDFC had borrowed Rs. 150 crore from Palakkad District Cooperative Bank and Rs. 200 crore from Ernakulam District Cooperative Bank for extending a loan of Rs 350 crore to KSRTC.
Kerala Bank has amassed the funds through deposits from cooperative societies in Trichur district.
Abhirami reportedly committed suicide after finding the notice on her house premises.
State Minister for Cooperation V N Vasavan informed that he has sought a detailed report on the incident.
The loan was taken from the Ezhamkulam branch of the Kerala Bank.
The bank officials said they could not accept the cheque as the loan had already been closed.
Cooperative banks deal with cash regularly as they distribute social welfare pensions, Kerala State Road Transport Corporation (KSRTC) pension and other government scheme payments.
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