• Saturday, Jan 22, 2022
  • Last Update : 03:32 am

Paperfly to sue Evaly for outstanding payments

  • Published at 04:23 pm September 9th, 2021
Paperfly logo

Paperfly has been giving doorstep delivery service to the Evaly for quite some time and was facing massive challenge to recover its dues

Paperfly, country’s largest tech-bound logistic network, has planned to sue the controversial ecommerce company Evaly over the outstanding payments.

Evaly owes several crores of takas to Paperfly, however, the platform did not settle the bill worth of Tk7 crore bill since January, said a press release.

Paperfly has been giving doorstep delivery service to the Evaly for quite some time and was facing massive challenge to recover its dues.

Besides, Evaly did not respond to any query despite multiple attempts and Paperfly was now preparing to take legal action against the company, said Farreen Mansur, revenue assurance manager at Paperfly.

“We have already sent legal notices to Evaly on Monday, now we are preparing for further steps, she added.

Evaly owes Tk205 crore to various merchants, according to official data.  

There are also allegations that the ecommerce platform has been running different campaigns, including Cyclone (which is later renamed as T10), to take advance from customers with unnatural pricing and it holds the public money for months delaying the deliveries of the products.  

The unhealthy practice of the ecommerce platform came to light after Bangladesh Bank launched an investigation over financial anomalies of the company on request of Ministry of Commerce recently.  

The central bank investigation has found that Evaly liabilities to customers and merchants have risen to Tk403 crore while the company’s asset is only Tk65 crore. Subsequently, several banks and mobile banking companies have also stopped transactions with Evaly.

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