CENTRAL BANK OF INDIA vs M/S. MADAN LAL & BROTHERS .

The Supreme Court granted leave and allowed the appellant to proceed with the sale of the factory premises as hypotheca to recover the decretal debt. The Court held that the market value of the property should be assessed and the sale proceeds credited to the decree in question. If the sale does not cover the dues, the respondents may pursue recovery through other legal means. The appeal was disposed of without costs.