Only hours before the administrator of the failed home automation group Leisuretech who own the A Bus patent, was set to recommend that the Company be placed into liquidation, he was approached with an offer to settle by the directors of the failed Company, however as of today no offer has been made.
Questions are also being raised as to the role that the National Australia Bank played in the placing of Leisuretech into administration.
Brian Allen of Burton Glenn & Allen the administrator of the failed Leisuretech group who went broke with alleged debts of $1.6 million dollars and whose directors stand accused of deliberately engineering the Company being placed into administration have been given till 11.00am on Monday April 6th to come u…
Read the full article at: http://smartoffice.com.au/leisuretch-directors-try-to-cut-liquidation-deal/