Business · Companies · 14 hrs ago
ASIC opens formal investigation into collapsed Bathla Group
Australia’s corporate regulator has opened a formal investigation into the affairs of Bathla Group, a major Sydney property developer.
Bathla entered voluntary administration in August, owing creditors at least $3.4 billion.
The group includes more than 500 companies, and its projects relied on borrowing from private lenders as well as other sources.
ASIC has not said what conduct the investigation will examine, but it has also been making inquiries into private lenders and how they financed Bathla.
Construction has stopped across the group’s projects, leaving the future of more than 200 developments in doubt, including homes under construction.
Administrators have until September next year to hold another creditors’ meeting, giving them more time to examine the group’s finances.
ASIC has opened a formal investigation into the affairs of collapsed property developer Bathla Group.
The regulator has not disclosed what conduct it is investigating.
Bathla entered voluntary administration on August 25 owing creditors at least $3.4 billion, according to ABC.
The collapse has put more than 200 projects in doubt, including about 2,000 homes under construction.
ASIC is also making inquiries into private lenders that provided money to Bathla, but says it has not formally investigated them.
- Who
- The Australian Securities and Investments Commission (ASIC) is investigating the Bathla Group.
- What
- ASIC has commenced a formal investigation into the conduct of the group’s affairs. It has not specified what conduct is under investigation.
- When
- ASIC confirmed the investigation on November 10, 2026.
- Where
- Bathla is a Sydney-based property developer, with projects across its group.
- Why
- Not stated.
This story does not have two clearly opposing sides.
Bathla entered voluntary administration owing creditors at least $3.4 billion, according to ABC.
ASIC examined Bathla’s borrowing arrangements and the role of private lenders in its collapse.
ASIC confirmed it had commenced a formal investigation into Bathla Group’s affairs.
The NSW Supreme Court granted administrators until then to convene the second meeting of creditors.
- Companies in group
- More than 500
- Creditors owed
- At least $3.4 billion
- Projects in doubt
- More than 200
- Homes under construction
- Roughly 2,000
- Development pipeline
- Another 13,000 homes
- Lenders to Bathla
- 42 different lenders reported by SMH
3 sources
What people are saying
I can confirm we have commenced a formal investigation in relation to the conduct of the affairs of the Bathla Group
Unfortunately, it’s a case study, a sad case study in real time of how the risk is only growing in this sector
changing and lifting the standards comprehensively