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Embattled Sydney property developer Bathla warns it couldfold by the end of the week

Administrators will be forced to close the business if it fails to secure additional funding, revealing hundreds of staff have not been paid for weeks

This story summarizes reporting from The Guardian. Read the original for full context. Wire items stay in our news sitemap for seven days. Editorial policy.

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Catie McLeod Consumer affairs reporter31 Aug 2026, 05:06 amUpdated 2h ago1 min readWorldWorld

World — Catie McLeod Consumer affairs reporter

Embattled Sydney property developer Bathla warns it could fold by the end of the week

Administrators will be forced to close the business if it fails to secure additional funding, revealing hundreds of staff have not been paid for weeks

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The administrators of embattled property developer Bathla Group have said the company will fold by the end of the week unless they can secure additional funding to keep it afloat.

The insolvency advisory Teneo assumed control of Bathla’s operations on 25 August after the Sydney-based construction company went into voluntary administration under the weight of almost $3.6bn in debt.

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This report is published with credit to The Guardian. The wire sent a summary; open the original for any extra context. Read on The Guardian →

Source: The Guardian · Catie McLeod Consumer affairs reporter. Published 31 Aug 2026, 05:06 am.

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