Australian developer Bathla Group received a one-year extension of its administration until September 13, 2027, giving Teneo Australia more time to advance unfinished construction projects. The Supreme Court of New South Wales approved the extension, but completion remains dependent on additional lender funding. Bathla entered administration with A$3.4 billion ($2.42 billion) in debt, 45 unfinished sites and 350 staff, more than 200 of whom were stood down. Teneo secured two weeks of short-term funding for some projects, while administrators can still call another creditors’ meeting and pursue liquidation before the extension expires.