The potential liquidation of a Sydney construction company could be one of the biggest in Australian history, a debt recovery expert has said, as tradies and buyers face being left thousands out of pocket.
Bathla, a construction group that focused on building affordable homes and apartment complex’s in Western Sydney, went into administration last week, holding debts of up to $3.6 billion.
The Bathla Group is on the cusp of being wound up. Brent Lewin
Administrators of the company have warned they could struggle to keep paying the company’s 350 staff – some of whom haven’t been paid in two months – admitting there may be no choice but to close the business.
Larry Kaine, managing partner at Corporate Recovery Partners, says the…