So... what the sellers need to do, if they want to get their sales money back? Lodge police report?
Realistically, file a claim at SCT or band together to file a suit and force qoo10 to go into administration.
SCT to me is pointless because qoo10 can ultimately still ignore it, which means the seller still needs to go through court anyway to try and enforce the payment. Even then, they might not have the money to pay up.
Banding together to force qoo10 to go into administration (ie bankruptcy) would be a more definite and direct way of ending this once and for all. After all, if no money, then as good as bankrupt. This is not something the company can ignore and they would have to negotiate (ie haircut) their debts or start selling off assets to try and pay as much off as they can. If very lucky, might even come up with a solution to continue the business and pay off everyone in full eventually. At the very least, it would stop the company from delaying even further and there would be oversight on the matter.
Either way, seller must be prepared for a major loss, possibly including whatever stock is being held at qoo10's warehouse.
