AMBALAL SARABHAI ENTERPRISES LTD vs CENTRAL BANK OF INDIA — C.A. No. 6545 - 6546/1997

Case under Section III-B. Status: Disposed.

Disposed

CNR: SCIN010086511997

Filing Date

12-May-1997

Registration No

C.A. No. 6545 - 6546/1997

Diary Number

8651/1997

Order Date

20-Nov-2003

Document Type

ROP - of Main Case

Disposal Type

Dismissed

Last updated 04-Jun-2026

Acts & Sections

Section III-B

Petitioner(s)

  1. 1.AMBALAL SARABHAI ENTERPRISES LTD

    Adv. RAJAN NARAIN

Respondent(s)

  1. 1.CENTRAL BANK OF INDIA

Case History

  1. Case disposedDisposed

  2. 20-Nov-2003

    ROP - of Main CaseView PDF

  3. 19-Nov-2003

    ROP - of Main CaseView PDF

  4. 16-Oct-2003

    ROP - of Main CaseView PDF

  5. 07-Oct-2003

    ROP - of Main CaseView PDF

  6. 04-Sep-2003

    ROP - of Main CaseView PDF

  7. 20-Nov-2001

    ROP - of Main CaseView PDF

  8. 11-Sep-2001

    ROP - of Main CaseView PDF

  9. 12-May-1997

    Case filed

    Registration No. C.A. No. 6545 - 6546/1997

View Full Judgment
casestatus.in Summary

Case Summary: Ambalal Sarabhai Enterprises Ltd v. Central Bank of India Outcome: The Supreme Court allowed the appeals and upheld the 1987 company reorganization scheme, but imposed a mandatory condition: Ambalal Sarabhai Enterprises Ltd must execute a guarantee within one month covering all dues of the Swastik Division owed to the two banks (Bank of Baroda and Central Bank of India) in pending Suit No. 2520/1989. If the guarantee is not executed within this timeframe, the appeals stand dismissed. No costs awarded. Key Direction: ASE must provide the guarantee as originally requested by Central Bank before proceeding with the scheme implementation. This case analysis is maintained by casestatus.in based on publicly available court records.

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