Get all your news in one place.
100's of premium titles.
One app.
Start reading
AAP
AAP
Business
Nick Wilson

SHOCKING: Crisis averted but home developer still on life support - What They Never Told You

The Bathla Group entered voluntary administration in late August owing a reported $3.3 billion. (Dan Himbrechts/AAP PHOTOS)

Administrators for a major housing developer have met a crucial funding deadline, but negotiations to keep the group afloat remain ongoing.

Insolvency advisory Teneo has been scrambling to secure $20 million in short-term funding for the embattled Bathla Group since it entered voluntary administration in late August.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.