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31 August 2026

Embattled Sydney property developer Bathla warns it could fold by the end of the week

Downunder Voices Newsroom

Source reporting: The Guardian World

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Embattled Sydney property developer Bathla warns it could fold by the end of the week

Administrators will be forced to close the business if it fails to secure additional funding, revealing hundreds of staff have not been paid for weeks Follow our Australia news live blog for latest updates The insolvency advisory Teneo assumed control of Bathla’s operations on 25 August after the Sydney-based construction company went into voluntary administration under the weight of almost $3. 6bn in debt.

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