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Breaking: Bathla stands down staff as it faces collapse

Breaking: Bathla stands down staff as it faces collapse
ABC Australia Monday 07 September 2026, 00:45 UTC By Alex Turner-Cohen and Lin Lin 1 min read
Key Points

The Bathla Group has stood down around 200 staff as the debt-ridden property developer continues to engage in emergency funding talks. The ABC understands a small group of lenders is negotiating a smaller loan of between $3 million and $5 million to keep funding the administration. Today had been marked as another crucial deadline for the floundering property group, which owes creditors $3.4 billion in debts since plunging into administration in late August.

The Bathla Group has stood down around 200 staff as the debt-ridden property developer continues to engage in emergency funding talks. The ABC understands a small group of lenders is negotiating a smaller loan of between $3 million and $5 million to keep funding the administration. Today had been marked as another crucial deadline for the floundering property group, which owes creditors $3.4 billion in debts since plunging into administration in late August. Loading [Image text:] MULVUY ALWLA CONSTRUCTION SITE Bathla DO NOT ENTER UNAUTHORISED ENTRY TO THIS SITE IS STRICTLYPROHIBITED
The Bathla Group (ORG) ABC (ORG)
Originally published by ABC Australia Read original →

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