Hundreds Stood Down at Australian Developer Bathla Group Amid Administrator Probe

More than 200 people stood down at embattled housing developer Bathla

Sydney-headquartered group suspends work on some of its 45 construction sites impacting 60% of workforce More than 200 workers at Sydney-headquartered Bathla Group have been stood down as administrators of the embattled property developer seek emergency funds to stave off a company-wide collapse. The insolvency advisory Teneo said on Monday that new short-term funding arrangements would only allow Bathla to continue construction on some of its 45 construction sites, though it did not identify...

By Jonathan Barrett and Catie McLeod