Federal Bank has taken the possession of SB&T International’s office located at 138, Shreeji Chambers, Opera House in Mumbai. The bank has taken this step as the property was mortgaged with the bank against a loan taken from them and the company was unable to repay the loan within the given time limit.
SB&T International is a 100% EoU in the business of manufacture and export of studded jewellery at SEEPZ (a free trade zone) in Mumbai.