It is not just account holders with the tanked Punjab and Maharashtra Co-operative Bank who have been left in the lurch, relatives of the bank's founders, too, have been left high and dry. Seventy-one-year-old Surjit Singh Kochhar, whose elder brother, the late Sardar Gurcharan Singh Kochhar, was one of its founders back in 1984, has Rs 40 lakh stuck in the bank.

Kockhar, a resident of Sion, had invested the money in a fixed deposit at the bank. He is now very worried for his grandson Kashish Singh, 19, who was about to get an education loan sanctioned for higher studies in Canada, but PMC Bank shut down days before that.