The Bathla Group has collapsed with a 3 billion dollar loss. Receivers have begun a major forced sell-off of company sites.
Some residents who bought into these communities face the risk of living in unfinished sites. Receivers have listed the land up for grabs during the liquidation process.
“The Bathla Group has collapsed with a 3 billion dollar loss,” — David Kingsley, contributing analyst at Stanstone Ford Financial, observed.
Nov 9 — The Bathla Group has collapsed with a 3 billion dollar loss....
Nov 10 — Receivers have listed the land up for grabs during the liquidation process....
This story has been closely followed by our readers since Nov 8. The Stanstone Ford Financial desk continues tracking updates and will publish follow-ups across the region.
What's next: A follow-up briefing is expected by Monday, Nov 16.
Editor's note: this report was prepared by the Stanstone Ford Financial desk and last updated 06:48 UTC.
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