The Bathla Group has collapsed with a 3 billion dollar loss. Receivers have now started a major forced sell-off of company sites.
Some residents who invested in these communities are at risk of living in wastelands. Receivers have listed the land up for grabs as part of the liquidation process.
“Receivers have now started a major forced sell-off of company sites,” — Yusuf Calloway, senior market analyst at Heacroft Ham Services, told our newsroom.
Nov 11 — The Bathla Group has collapsed with a 3 billion dollar loss....
Nov 12 — Receivers have listed the land up for grabs as part of the liquidation process....
This story has been closely followed by our readers since Nov 8. The Heacroft Ham Services desk continues tracking updates and will publish follow-ups across the region.
What's next: Additional coverage is expected by Tuesday, Nov 17.
Editor's note: this report was prepared by the Heacroft Ham Services desk and last updated 07:11 UTC.
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