Liquidation Looms: The Bathla Crisis Exposes Australia's Real Estate Woes Bathla, a Sydney developer, is on the brink of liquidation due to a severe funding crisis.
Administrators are racing against time to secure millions in funding by Thursday, highlighting the severity of the situation. The company's financial woes have put its staff at risk.
Employees have gone unpaid for over eight weeks, resulting in costs exceeding $2. 5 million. This has caused significant personal stress for migrant workers, whose Australian visas are tied to their employment status.