Bathla employees paid partial wages as lenders, administrators keep talking

Time running out to keep housing developer afloat

Administrators of embattled housing developer Bathla Group hope to secure a short-term funding package to keep the group afloat, but time is running out.

‘Literally no cash’: Failed developer Bathla owes $3.4b as debts continue to rise

Construction on the company’s projects will grind to a halt if funding is not secured by Monday, administrators told a meeting of creditors on Friday.

Breaking: Bathla creditors' meeting hears company owes $3.4 billion

Bathla Group owes known creditors about $3.4 billion, including $3.08 billion to secured lenders, according to preliminary figures presented at the company's first creditors' meeting.

Bathla employees paid partial wages as lenders, administrators keep talking

Save (0) Please login to bookmark Close Username or Email Address Password Remember Me Bathla’s administrators have yet to reach a deal with the embattled developer’s lenders on short-term funding, but money has been found to make partial payments to employees. Subscribe to Lawyerly to access this article. Already a subscriber? Username or Email Address Password Remember Me …

A $2.8b Melbourne private credit stalwart finds itself in Bathla mess

The long tail of lenders caught up in the $3.3 billion collapse of the Sydney property development giant extends far beyond NSW to a low-profile Victorian firm.