Sep 3, 2026 – 2.21pmBathla, the real estate development giant that collapsed owing more than $3.3 billion to lenders, is teetering on the edge of liquidation after administrators missed a deadline to secure emergency funding.While Teneo has found some money to pay Bathla’s 350 or so staff, the insolvency specialists were still scrambling to negotiate a long-term rescue with lenders to avoid the group being placed into liquidation.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Bathla staff to be paid in part, but funding deal with lenders in limbo
The deal will allow the developer’s 350-odd staff to stay employed, avoiding large lay-offs for now, but negotiations with lenders remain unresolved.
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