Corporate regulator ASIC launches a formal investigation into collapsed property giant Bathla Group, which owes creditors at least $3.4 billion. newsiviewlistenLoading ABC NewsNews HomeASIC launches formal investigation into collapsed Bathla GroupShareShare articleASIC launches formal investigation into collapsed Bathla GroupBy business reporter Lin LinTopic:Housing Construction Industry. Bathla Group went into voluntary administration in August, owing at least $3.4 billion in debts.