Lender Chaos Hampers Australia Developer Bathla’s Hunt for Cash

Last Thursday, more than a week after Australian homebuilder Bathla Group tumbled into insolvency, a 24-hour deadline to secure emergency funding came and went, putting the company on the verge...

By Richard Henderson and Sharon Klyne · Bloomberg Markets

Last Thursday, more than a week after Australian homebuilder Bathla Group tumbled into insolvency, a 24-hour deadline to secure emergency funding came and went, putting the company on the verge of liquidation.