Evaly’s liability to merchants Tk 206 crore

 Evaly’s liability to merchants Tk 206 crore

The liability of Evaly to its merchants stood at Tk 205.86 crore as of July 15, the beleaguered e-commerce company said in a reply to a show-cause notice issued by the commerce ministry.

This comes as the ministry in early August had asked Evaly to submit information about its assets and liabilities, liability to customers, liability to its merchants and its plan to pay the liabilities by September 2.

According to Evaly, the company has a total liability of Tk 544 crore until July 15.

It also said its debt to 2.8 lakh customers is Tk 311 crore.

The e-commerce platform said it has assets worth Tk 544 crore — tangible Tk 105.55 crore and intangible 438 crore.

Of the intangible assets, it showed Tk 423 crore as brand value.

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