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Failed Sydney builder Bathla gets extra year as books show massive gap

Reported by Sneha Patil (Staff Writer) · Google News - Australia Business ·

Failed Sydney builder Bathla gets extra year as books show massive gapRepresentative image · Wikimedia Commons

A court has granted collapsed Sydney property developer Bathla a twelve-month extension while administrators uncover a massive financial gap of seven hundred million to seven hundred thirty-six million dollars in the company accounts. The financial shortfall has triggered intense scrutiny over deposit records and pre-sales that do not add up, raising serious concerns for private credit funds exposed to the business and threatening rescue bids.

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