372 Redoubt Rd sold at mortgagee auction in May 2024<\/a>.<\/p>\nAt the time, it had a different person listed as owner on its title. However, a 2025 High Court case linked the property to Dhadli.<\/p>\n
The judgment recorded the home as being Dhadli\u2019s own address and named him alongside the former property owner \u2013 who is also bankrupt \u2013 as among defendants ordered to repay $347,485 to a firm called Drive Holdings.<\/p>\n
![\"Harcourts']()
Harcourts’ for sale listing of the home shows it in better days with a pristine tennis court, and a notice that photos may not reflect the home’s current condition as they had not been on-site. <\/p>\n
When that home went to mortgagee auction, it\u2019s understood Dhadli tried to buy it.<\/p>\n
A real estate agent who attended the 2024 auction for 372 Redoubt Rd told the Herald he saw Dhadli among the bidders.<\/p>\n
The home on the other side, at 384 Redoubt Rd, is owned by a company controlled by one of Dhadli\u2019s business associates.<\/p>\n
The same man placed a caveat over Dhadli\u2019s home and has been involved in court action to hold up its sale.<\/p>\n
Built fast, then the guarantees came due<\/p>\n
Public records show Dhadli built a web of businesses at speed.<\/p>\n
Since 2020 he has set up 13 companies and developed as many as 19 townhouses across two Auckland subdivisions \u2013 five at Jupiter St in Rosehill and 14 at Titoki St in Te Atat\u016b Peninsula.<\/p>\n
But one of those companies \u2013 One Group \u2013 collapsed into liquidation in June 2024, owing creditors an alleged $1.3m.<\/p>\n
Liquidators Rodgers Reidy found most of that \u2013 about $1.2m \u2013 did not come from One Group\u2019s own borrowing.<\/p>\n
It came from guarantees the company had given to cover money borrowed by other companies Dhadli controlled.<\/p>\n
Dhadli told liquidators One Group ran out of money due to \u201cthe company taking on debt on behalf of another person\/entity\u201d.<\/p>\n
The liquidators found One Group had never produced any financial statements, and its accounting system had not been updated since December 2021 \u2013 two and a half years before it failed.<\/p>\n
One Group had also borrowed to buy three cars and still owed about $200,000 on the vehicles, including $95,000 on a Mercedes-Benz, the liquidators reported.<\/p>\n
Dhadli also has ties to other mortgagee sales.<\/p>\n
![\"372]()
372 Redoubt Rd in Totara Park in Auckland also sold at mortgagee auction in May 2024. <\/p>\n
In December 2024, a Birkenhead property owned by one of his companies, Twenty2, was forced into a mortgagee sale and sold by a lender, property records show. <\/p>\n
And in August 2025 \u2013 even as creditors closed in \u2013 Dhadli was still bidding at a mortgagee auction himself, according to court documents. <\/p>\n
One of his companies won the $3.4m auction for a 4250sq m development site in Takanini, South Auckland, zoned mostly for business.<\/p>\n
That property had been put up for mortgagee sale by the Bank of India.<\/p>\n
Yet when it came time to hand over the $85,000 deposit, Dhadli\u2019s company couldn\u2019t pay up and the bank cancelled the deal the next day, court documents show.<\/p>\n
He later admitted in court he didn\u2019t have \u201cfirm finance\u201d lined up for the deal at the time and so couldn\u2019t pay.<\/p>\n
Attempts by the Herald to reach Dhadli were unsuccessful. <\/p>\n
SEE 378 REDOUBT RD\u2019s ONEROOF FOR SALE LISTING HERE<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Other creditors include non-bank lenders and building suppliers \u2013 such as New Lynn\u2019s Mitre 10 Mega, a Pink…\n","protected":false},"author":2,"featured_media":474713,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[5350,28027,95,51,6124,1558,26862,3595,20491,239255,124,10632,17397,12817,29414,91470,1345,700,5268,5836,62540,1132,88453,111,139,69,8143,1133,1551,3235,213,210,61,73170,6923,6730,4741],"class_list":["post-474712","post","type-post","status-publish","format-standard","has-post-thumbnail","category-sports","tag-5350","tag-38m","tag-and","tag-auckland","tag-bankrupt","tag-been","tag-blow","tag-by","tag-chased","tag-cheaply","tag-could","tag-courts","tag-creditors","tag-declared","tag-developer","tag-gated","tag-home","tag-latest","tag-lose","tag-lost","tag-mercedes","tag-million","tag-mortgagee","tag-new-zealand","tag-newzealand","tag-nz","tag-park","tag-sale","tag-set","tag-sold","tag-sports","tag-through","tag-to","tag-ttara","tag-what","tag-would","tag-young"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/474712","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=474712"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/474712\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/474713"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=474712"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=474712"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=474712"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}