Sellers Association Knocks At RBI Doors Over Non-Payment Of Dues By Club Factory

The All India Online Vendors Association (AIOVA), which claims to represent the interests of more than 2,000 sellers, has written a letter to the Reserve Bank of India (RBI) over the non-payment of dues by Chinese ecommerce platform Club Factory. 

In its complaint, AIOVA has alleged that by suspending the payments to sellers, Club Factory is in violation of Section 28 of the Payments and Settlements Act, 2007, as it has withheld payments to sellers for more than a month after the products were delivered to the customers. 

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