Central Bank Loan Recovery Mediation at Supreme Court

Supreme Court dismisses Central Bank of India's SLP against Madras HC order, upholding the lower court's decision.
Orders refund of ₹9L, ₹3.5L, and ₹30L to borrower and ₹24L to auction purchaser within four weeks.
Refers the loan recovery dispute to Supreme Court Mediation Centre for amicable settlement, appointing a senior advocate as mediator.
Clarifies the bank retains the right to initiate fresh proceedings for recovery of the amount from the borrower.