Kozhikode: The debt of Muslim League leader MK Muneer has been cleared. A liability of ₹49 lakh at the Calicut Town Service Cooperative Bank has been settled. The amount was paid from the account of the Muslim League state committee.

Following reports on attaching his property, Muslim League state president Panakkad Sadiq Ali Shihab Thangal and PK Kunhalikutty had called MK Muneer to inquire about the situation.

Crescent House in Nadakkavu, known as the residence of CH Mohammed Koya, holds emotional significance for Muslim League members and has functioned like a party hub. Though Muneer earlier owned a house in Jaffer Khan Colony, he had to sell it due to financial liabilities. It was after this he moved to the Nadakkavu residence.

The residence of Muslim League leader M K Muneer, located in Nadakkavu here was facing the threat of bank attachment. Muneer, the Koduvally MLA, carries an outstanding liability of ₹58 lakh on the property, named ‘Crescent House’, situated in East Nadakkavu. Under a one-time settlement scheme, the amount was previously fixed at ₹48 lakh; however, he was unable to clear this payment. Consequently, bank authorities have issued a warning that if the arrears are not settled by March 31, they will proceed with legal measures, including property seizure.

Muneer had availed a loan of approximately ₹70 lakh from the Kozhikode Town Service Co-operative Bank 10 years ago for the renovation of this house. The liability accumulated after he defaulted on the phased repayments. The house was originally built by Muneer’s father, the late former Chief Minister C H Mohammed Koya, and was later renovated by Muneer.