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The deceased were identified as Sivan Nair, a Siddha doctor, and his wife Prasannakumari.
The incident reportedly took place at 1.30 am.
Syed Mazahir Ali hails from Langar Houz, Hyderabad, Telangana.
The theft, according to police, occurred around 3 am on Wednesday and involved three masked individuals.
Celebrities, including Abhishek Bachchan, condoled the filmmaker's death.
Two others including the accused were injured during a scuffle.
The Kottakkal Police arrested the two for a robbery on October 16.
In three weeks, two houses in the region have been robbed by masked gangs.
The UDF’s hearings will take place during November and December.
Surendran has criticised the government for allegedly trying to bail out the bank by pooling money from other cooperative banks.