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