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Hundreds of Sydney apartment owners are facing an uncertain future after the collapse of a company linked to the builder of the Opal Tower, with allegations that it collectively owes them $30 million to repair seven defective builds across the city.
The revelations come as another high-profile construction group, Ganellen, placed one of its companies into administration last week, midway through a court battle over defects and only days after it was fined over the worksite death of a young apprentice.
Otto at Rosebery has lodged a claim for $20 million in alleged defects to a company that is now being wound up.