Struggling property developer Bathla bought itself two weeks but the break-up has already begun

Bathla Group secured a short-term lifeline after five lenders agreed to provide between $3 million and $5 million to keep a reduced operation running for another two weeks. About 14 projects are continuing, while construction on projects outside the funding arrangement has been suspended and more than 60% of the developer's roughly 350 staff have been stood down. Individual lenders may take control of projects and arrange for construction to continue separately.

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