Online Vendor Association Sends Legal Notice To Club Factory Over Payment Of Dues

The All India Online Vendor Association (AIOVA)  issued a legal notice to Chinese ecommerce platform Club Factory, demanding immediate settlement of dues to sellers.The legal notice sent by AIOVA’s legal counsel Chanakya Basa to Club Factory, it is mentioned that the client (AIOVA) is “an association of more than 2000 sellers across the country, selling on ecommerce platforms such as Flipkart, Amazon, Snapdeal and Club Factory, among others.”

According to the AIOVA, by not settling payments to sellers within the given time period, Club Factory has violated provisions of the Payment and Settlement Systems Act of 2007. The sellers’ association has previously mentioned that Club Factory should have kept the sellers’ money in escrow, according to RBI guidelines. 

6 views0 comments
  • Amazon Social Icon
  • Facebook Social Icon
  • LinkedIn Social Icon
  • Twitter Social Icon
  • Instagram

© 2021 by StartupNews. Proudly created in India