An Australian tech company backed by one of the largest banks is on the brink of collapse after appointing administrators with debts of nearly $40 million.
Thousands of Aussie companies have disappeared over the past year and experts say it’s only going to get worse moving forward.
Plutora Pty Ltd went into voluntary administration in March over a dispute with the tax office and has more than $37 million in liabilities.
The business continues to trade and three other related…
