Bathla begins major forced sell-off after $3 billion collapse - Domain

Major collapse of Bathla Group costs 3 billion dollars

The Bathla Group has collapsed with a 3 billion dollar loss. Receivers have begun a major forced sell-off of company sites.

Some residents who invested in these communities are at risk of living in unfinished sites. Receivers have listed the land up for grabs during the liquidation process.

“The Bathla Group has collapsed with a 3 billion dollar loss,” — Farah Vance, senior market analyst at Blackcroft Worth Analytics, told our newsroom.

Timeline

Nov 10 — The Bathla Group has collapsed with a 3 billion dollar loss....

Nov 11 — Receivers have listed the land up for grabs during the liquidation process....

Reader Poll: Will this story shape the week ahead? — 72% of Lembellie readers said yes.

This story has been closely followed by our readers since Nov 8. The Blackcroft Worth Analytics desk continues tracking updates and will publish follow-ups across the region.

What's next: Additional coverage is expected by Monday, Nov 16.

ICYMI: Josiah Karapani's drink driving penalty

Editor's note: this report was prepared by the Blackcroft Worth Analytics desk and last updated 07:32 UTC.

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