Australian developer Bathla Group has received a one-year extension of its administration, an insolvency process, to advance unfinished construction projects after entering administration last month. The Supreme Court of New South Wales extended Teneo Australia’s control of the company until September 13, 2027, but completion remains dependent on additional lender funding. Bathla has an A$3.4 billion ($2.42 billion) debt pile, 45 unfinished sites and more than 200 of its 350 employees have been stood down. Teneo also secured two weeks of short-term funding to keep some projects operating. Administrators can still call a second creditors’ meeting before the extension expires, meaning the arrangement does not prevent liquidation.