Suppliers from other States, who are supplying materials to the Kerala Civil Supplies Corporation, held a protest in Kochi on Kerala formation day on Wednesday, demanding clearing of their dues by the apex cooperative. The suppliers said Supplyco owed them more than ₹650 crore.
The suppliers said that six months’ dues should be immediately cleared to avoid action by their lender banks. The protest was held before the headquarters of Supplyco in Gandhi Nagar, said a press release here.
Over the past six months, the apex consumer cooperative has not paid its suppliers. The suppliers availed overdraft to supply the materials to Supplyco. However, they are not in a position even to pay the interest on these overdrafts, the suppliers from Andhra Pradesh, Karnataka and Tamil Nadu besides from Kerala itself said.
