Administrators said it would be forced to close the business if it failed to secure additional funding, revealing hundreds of staff have not been paid for weeks
The administrators of embattled property developer Bathla Group have said the company will fold by the end of the week unless they can secure additional funding to keep it afloat.
The insolvency advisory Teneo assumed control of Bathla’s operations on 25 August after the Sydney-based construction company went into voluntary administration.
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This article was originally published by The Guardian and written by Catie McLeod.
Read original article on The Guardian