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AAP

Lloyd Jones

Time running out to keep housing developer afloat

Bathla Teneo Dan Himbrechts

Residential developer Bathla went into voluntary administration with debts of $3.4 billion. (Dan Himbrechts/AAP PHOTOS)

A deadline to secure funding to keep embattled housing developer Bathla Group afloat has been pushed out to Monday as creditors absorb a breakdown of the group's $3.4 billion debt.

Insolvency advisory Teneo has been scrambling to secure short-term funding for Bathla since it entered voluntary administration in late August.

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