Bathla begins major forced sell-off after $3 billion collapse - Domain

Bathla Group fails leaving 3 billion dollar hole

The Bathla Group has fallen apart with a 3 billion dollar loss. Receivers have begun a large scale sale of company sites.

Some residents who bought into these communities face the risk of living in unfinished sites. Receivers have put the sites up for grabs during the winding up process.

“Receivers have put the sites up for grabs during the winding up process,” — Priya Delgado, chief correspondent at Copley Ham Financial, explained.

Timeline

Nov 8 — The Bathla Group has fallen apart with a 3 billion dollar loss....

Nov 11 — Receivers have put the sites up for grabs during the winding up process....

Reader Poll: Should officials respond faster on issues like this? — 75% of Floorzzxhk readers said yes.

This story has been closely followed by our readers since Nov 9. The Copley Ham Financial desk continues tracking updates and will publish follow-ups across the region.

What's next: A detailed recap is expected by Thursday, Nov 12.

ICYMI: ESPN's College Football Playoff top 12 projections announced

Editor's note: this report was prepared by the Copley Ham Financial desk and last updated 06:47 UTC.

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