Let’s be clear. Any private credit lender that gets itself in serious trouble over the collapse of Sydney home builder Bathla has no business being in business. The decision to place Bathla in voluntary administration on Tuesday wasn’t exactly a surprise, given concerns about the group’s huge debt levels, clear cashflow problems and substandard building…
NCLAT Restores Corporate Debtor Right to File Reply in Insolvency Proceedings; Upholds Litigant Cannot Suffer for Lawyer’s Fault Taxscan Read the original article here
The Petrotel refinery owned by the Russian group Lukoil under US sanctions, under extended supervision by the Romanian state since February 2026, will enter insolvency, according to the decision confirmed on Monday, August 24, in a response to Mediafax. The Petrotel refinery’s activity was stopped in October last year for scheduled technical overhaul works, but…
Check Point Blocks Large-Scale Debt-Relief Email Phishing Campaign Targeting More Than 9,000 Organizations Check Point Blog Read the original article here
Major Sydney residential developer Bathla Group has fallen into administration after months of mounting financial pressure. Administrators from Teneo were appointed on Tuesday to its main corporate entity, Universal Property Group, as well as Raj & Jai Construction, a company linked to the Bathla Group, documents lodged with ASIC show. Voluntary administration is when an…
$3.6bn builder collapses, 15k homes in limbo News.com.au Major Sydney developer Bathla Group collapses, placing buyers in limbo SMH.com.au Major NSW property developer enters administration ABC News & Headlines – Australian Broadcasting Corporation Bathla Group’s $3.6bn collapse, 15,000 homes in limbo The Australian Major Sydney property developer Bathla Group falls into administration Domain Major Aussie home builder collapses into administration,…
Major property developer Bathla Group has plunged into voluntary administration with the company citing a “perfect storm of circumstances” for a decision that has left customers in limbo. Administrators from Teneo Australia have assumed control of the Sydney company and its subsidiaries, and launched an immediate assessment of its financial position. Administration will cast a…
REVEALED: Liquidator appointments for businesses in the Banyule council area for August 24 Herald Sun Read the original article here
This article (“Article”) has been prepared by Kalkine Pty Limited (ABN 34 154 808 312) (Australian financial services licence number 425376) (“Kalkine”) and its related bodies corporate who are authorised to provide general financial product advice. Kalkine.com.au and its associated pages are published by Kalkine. Any information/advice provided in this article is general in nature…
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