Updated September 1, 2026 — 12:36pm , first published 10:59am

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The administrator for collapsed major Sydney developer Bathla has declared its financial situation “very dire” and warned the company would start to be wound up late Tuesday afternoon if it does not get the funding it needs in the coming hours.

Teneo’s Stephen Longley, the administrator for Bathla Group, told the Today program administrators were running out of hope for a holistic solution to finish the 45 projects under construction.

“We’ve had intensive discussions with…

Read the full article at SMH.COM.AU