Reeheng Ltd, owner of a stalled Auckland apartment project, faces removal from New Zealand’s Companies Register for failing to file annual returns, risking unenforceability of a $30,000 debt to neighbor Forrest Tan.

Reeheng Ltd, owner of a stalled Epsom apartment project in Auckland, faces removal from New Zealand’s Companies Register due to unfiled annual returns, risking unenforceability of debts, including a $30,000 tribunal award to neighbor Forrest Tan. The project, halted since 2018 over building consent breaches, has deteriorated into a safety hazard with squatters, rats, and collapsed concrete blocking a nearby driveway. While company removal ends legal existence, debts remain, and creditors can apply to restore the company or pursue claims in court. The Ministry of Business, Innovation and Employment confirms non-compliance is common but not a legal escape from obligations. Tan has objected and works with a debt collector, but the company’s lawyers say they’ve received no instructions in months.