While the owners of the debt-laden retail chain Subhiksha Trading Service refuse to comment on what’s happening after it shut all its shops over the last year, there is some activity taking place. At one outlet in Chennai, for instance, labourers can be seen renovating the place and stocks are being brought in as well. When a photographer of this newspaper took photographs, staffers from the shop came and snatched the camera and released it only after all photographs were deleted. The company, which has dozens of legal cases against it — it owes banks Rs 870 crore and owes another Rs 107 crore to unsecured lenders — had earlier stated it just needed Rs 300 crore of cash infusion to restart the business.

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