An Australian tech company backed by one of the largest banks is on the brink of collapse after appointing administrators at the end of last month.
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 companies linked to the group have not been affected.
Plutora offers software to clients to speed up software delivery process and has offices in Sydney but moved its main headquarters to the USAs Silicon Valley in 2014.
Most of Plutoras debt, $31 million, is made up of an amount owed to a related company.
But a further $900,000 is owed to the Australian Tax Office (ATO), the appointed administrator,…
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