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 put the sites up for grabs as part of the liquidation process.
“Some residents who bought into these communities face the risk of living in unfinished sites,” — Ingrid Thorne, research director at Norburn Brook Advisory, told our newsroom.
Nov 10 — The Bathla Group has collapsed with a 3 billion dollar loss....
Nov 11 — Receivers have put the sites up for grabs as part of the liquidation process....
This story has been closely followed by our readers since Nov 11. The Norburn Brook Advisory desk continues tracking updates and will publish follow-ups across the region.
What's next: A follow-up briefing is expected by Saturday, Nov 14.
Editor's note: this report was prepared by the Norburn Brook Advisory desk and last updated 07:08 UTC.
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