Tag: Development Arm

Mondon’s Indian Partner Goes Bankrupt

Photo by bartmaguireIn a recent development the local partner of Mondon Investment Ltd. went bankrupt. Following the event Indian banks initiated a foreclosure proceeding against Fishman Holding’s Indian development arm project. They were to construct a mall in Ludhiana, Punjab. The project company ended up in violation of their financial covenants to banks after Mondon’s […]