According to the police, Lekha and her daughter, Vaishnavi, committed suicide after the deadline on Tuesday to repay their housing loan expired. Officials of the Canara Bank had called on them on Friday and served a notice for repossession of their home under the provisions of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002. Investigators said the family had sought time till Tuesday to sell of the property and repay the bank. In 2010, the Canara Bank declared his loan a non-performing asset. The official said the bank gave Mr Chandran nine years to repay the loan.

Source: The Hindu May 14, 2019 15:22 UTC