Govt To Liquidate Evaly If the Company Fails to Meet Liabilities1 min read

The commerce ministry will send a letter to Evaly asking to explain how the e-commerce company will pay off its liabilities to its customers and merchants.

 

The ministry has decided to file a case against the company if it fails to give any satisfactory explanation. The case will be filed with court to either liquidate or seize the assets of the company.

Evaly will be given 10 days to respond to the letter. Officials attending the meeting has said that other companies like Dhamaka Shopping, Alesha Mart, E-orange etc will also be asked for explanations in phases.

For details, click here.
0 0 votes
Article Rating
You might also like
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy
0
Would love your thoughts, please comment.x
()
x