Aussie online retailer Booktopia insists it was at all times trading in line with insolvency laws, as administrators continue to pore over its books.
Administrators said the company could be as much as $60m in debt on Monday, the first day creditors have met since the bookseller collapsed less than two weeks ago.
The ABC reported administrators would also investigate whether Booktopia, which had ambitions to rival US behemoth Amazon, could have been trading while insolvent.
In a statement to the ABC, Booktopia said the company has “at all times complied with the law in relation to insolvent trading”.
“Booktopia had advanced discussions with shareholders and brokers in relation to a capital raising,” it said.
The ASX-listed retailer…
