Sydney housing developer Bathla Group has provided an update after collapsing with more than $3bn in debt and hundreds of unfinished projects. A major developer with debt of almost $3.5 billion has stood down hundreds of staff, despite securing short-term funding to continue work on some projects. Key points and original sources are listed below.

• Sydney housing developer Bathla Group has provided an update after collapsing with more than $3bn in debt and hundreds of unfinished projects.S1

• A major developer with debt of almost $3.5 billion has stood down hundreds of staff, despite securing short-term funding to continue work on some projects.S2

• After a weekend of crisis talks, administrators reached a short-term deal but confirmed construction on some developments in Sydney would be suspended.S3S4