Mohan Saini, a resident of Malabar Hill area in South Mumbai, was later released on bail on a personal bond of Rs 15,000, they said.
"Saini verbally abused the woman, passed lewd comments and sought certain 'favours' from her for allowing her to set the stall in the area. He also assaulted the woman's husband," police said.
Saini was booked for breach of peace and molestation following the complaint, they said.