The seller accepted orders for 233 Nexus 5 32GB phones at 32,350 each - roughly the total amount is more than INR 75,00,000!! Since then he has merily switched off his phone and not shipped EVEN A SINGLE PHONE. Some orders were placed as early as 14 days ago.. even the latest order was placed 6 days ago.
In the meantime eBay India is sitting pretty on a cash pile of 75 lacs and earning interest instead of taking any proactive measures as banning the seller.
I will not do any high value transactions on eBay India in the future. It is only good to buy chargers and adata cables.