The Supreme Court of New South Wales in Australia has extended the period of voluntary administration of Bathla Group until September 13, 2027. The decision gives administrators from Teneo additional time to analyse hundreds of real estate projects, the group’s financial documentation and creditors’ claims, ABC News Australia reports.
At the same time, the extension does not mean that Bathla’s administration procedure or construction work will be funded for another 12 months. It gives Teneo more time before the administrators are required to convene the second meeting of creditors, at which they will decide the future of the…