Amidst initiatives by the High Court to form a board to oversee the activities of the e-commerce platform Evaly — the High Court recently maintained that a four-member interim board can be formed for controversial e-commerce platform Evaly to assess its liabilities for liquidation even as the High Court bench of justice Muhammad Khurshid Alam Sarkar expressed the opinion following the Registrar of Joint Stock Companies and Firm submitting all related documents pertaining to Evaly before the court — the company (Evaly) has shut down its mobile application and website.
Media reports maintained this adding the stakeholders are, however, apprehensive that shutting down the server by Evaly may affect the investigation process against it even if the e-commerce entity has, reportedly, apologised for keeping the server shut while underlining it was working on reopening the server soon.
Meanwhile, a post on Evaly’s verified Facebook page, reportedly, maintained that its banking activities were temporarily shut down as its CEO and Chairperson were in jail and that under these circumstances, there was uncertainty related to bearing office costs and taking responsibility of its employees and maintenance of its server.
