The settlement was backed by realty developer K Raheja Corp., which acquired SOBO Central Mall. Earlier known as Crossroads, SOBO Central is the countrys first mall, having opened in late 1990s in south Mumbai s Haji Ali locality.
Sainsbury s Future Brands head leaves after restructure thegrocer.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thegrocer.co.uk Daily Mail and Mail on Sunday newspapers.
Lenders had initiated SARFAESI proceedings to recover their dues totalling ₹571 crore from the company but they received no bids until the end of the auction deadline on Monday at a reserve price of ₹500 crore.
For 18-year-old Mumbai college-goer Tanisha Saraff, Fabindia has been a preferred destination for outfits for many traditional occasions, including funerals.