The Puthussery village panchayat's administrative committee during its meeting on Monday decided in principle to serve the stop memo, panchayat sources said.
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It also decided to carry out a detailed study on the issue and present a resolution in this regard at the next committee meeting to be held on May 10, the sources said.
The panchayat alleged the soft drink multinational company was drawing hundreds of thousand of litres of water every day even though as drought-like situation prevailed in the district, which has since the past few days recorded above 40 degree Celsius temperature, the highest in the state.