Sydney property developer Bathla faces potential closure without funding
Sydney property developer Bathla Group faces imminent closure by the end of the week unless administrators can secure additional funding to keep operations running. The company, which entered voluntary administration on August 25 under the management of insolvency advisor Teneo, has left hundreds of staff unpaid for weeks. Without immediate financial intervention, the construction firm will be forced to shut down completely.
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Embattled Sydney property developer Bathla warns it could fold by the end of the week
Sydney property developer Bathla Group faces imminent closure by the end of the week unless administrators can secure additional funding to keep operations running. The company, which entered voluntary administration on August 25 under the management of insolvency advisor Teneo, has left hundreds of staff unpaid for weeks. Without immediate financial intervention, the construction firm will be forced to shut down completely.
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