Collapsed major Sydney developer Bathla Group owes creditors at least $3.4 billion, as administrators confirm work on construction sites could grind to a halt if funding isn’t secured by Monday.
Administrator Teneo told creditors on Friday that “positive discussions” were continuing with five of the company’s 43 lenders to gain funding to keep construction going, with Monday morning set as the deadline.
If the five lenders commit funding, work on its projects will continue, but Teneo would not fund the projects the other lenders…