Okay here is the answer.
Now can recall? Ya, it is mainly rubbery and comes with biting action. Actually I don't remember watching the cartoon but the toy left a deep impression on me. I played with the biting action everytime I was at a toy department. However I didn't buy any of it.
Street Sharks look wickedly cool. So cool that I hardly can tell the bad guys apart from the good guys. Couldn't remember their names too. :P
Anyone owned the toys or is a fan of Street Sharks? Share with us.