Bathla’s administrators have secured court orders appointing them over a series of companies that were kept separate when the builder collapsed in August.
Bathla co-founder Bhart Bhushan kept a series of companies owned by the collapsed developer out of administration – some of which have been attempting to sell off properties.
Teneo, the administrators of Bathla, rushed to court on Thursday to gain control over a range of Bathla entities it had not been appointed to and which could realise some sort of return for creditors.
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Credit Connect Group is selling the $55 million project in Sydney’s northwest as-is, including 43 pre-sales attached…
Court records reveal some Bathla Group-linked companies struggled to complete multimillion-dollar land purchases years before the developer's collapse. A former major lender says Bathla was expanding too quickly, leaving it vulnerable when the property market turned.
Hundreds of apartments have hit the market as receivers start selling the collapsed property developer’s assets.
