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Kerala cooperative banks are facing challenges due to the RBI's interest rate cut, forcing them to reduce deposit rates.
Kerala Bank officials had sealed the house on Wednesday over loan default.
The family said they were not leaving their home, an old three-room tiled-roof dwelling.
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.
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