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 put the sites up for grabs as part of the liquidation process.

“Receivers have begun a major forced sell-off of company sites,” — Andreas Mercer, contributing analyst at Birburn Combe Staffing, told our newsroom.

Timeline

Nov 11 — The Bathla Group has collapsed with a 3 billion dollar loss....

Nov 12 — Receivers have put the sites up for grabs as part of the liquidation process....

Reader Poll: Has this affected your local community? — 52% of Jetship readers said yes.

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

What's next: A follow-up briefing is expected by Saturday, Nov 14.

ICYMI: Theo James at Netflix's The Gentlemen Event

Editor's note: this report was prepared by the Birburn Combe Staffing desk and last updated 07:50 UTC.

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