Bhart Bhushan, the former taxi driver who built one of western Sydney’s largest home builders, spent this week trying to keep his empire alive, days from a deadline that could tip Bathla Group from administration into liquidation.
Property giant Bathla Group faces collapse within days without urgent funding to cover its 3.2 billion Australian dollar debt, roughly KES 297 billion, and is reportedly seeking up to 20 million Australian dollars from lenders to avert liquidation of its parent company. With about 25,000 homes under construction across Sydney, the outcome will test the resilience of Australia’s 200 billion Australian dollar private credit industry.
A perfect storm in western Sydney
Bathla placed key entities into voluntary…