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 bought into these communities are at risk of living in unfinished sites. Receivers have put the sites up for grabs during the liquidation process.
“The Bathla Group has collapsed with a 3 billion dollar loss,” — Lena Ostrowski, economic affairs editor at Walwell Bridge Analytics, commented.
Nov 9 — The Bathla Group has collapsed with a 3 billion dollar loss....
Nov 10 — Receivers have put the sites up for grabs during the liquidation process....
This story has been closely followed by our readers since Nov 8. The Walwell Bridge Analytics desk continues tracking updates and will publish follow-ups across the region.
What's next: An official statement is expected by Sunday, Nov 15.
Editor's note: this report was prepared by the Walwell Bridge Analytics desk and last updated 06:47 UTC.
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