Gupreet Grewal has not returned to New Zealand since March.

A disgraced real estate agent facing criminal charges who fled to India has been fined and had his licence cancelled after he failed to return to New Zealand.

Gurpreet Singh Grewal is facing District Court relating to his failed real estate business Preet & Co Real Estate.

The business operated across Auckland as part of the Harcourts franchise until it was liquidated and placed in voluntary administration in 2018.

Grewal was later charged with failing to correctly file PAYE, and owes about $500,000 to IRD.

He was also facing four charges of theft by a person in a special relationship relating to allegations he transferred money out of his company's real estate trust accounts to pay other company debts.

Along with his legal woes, he owes over $2m to Harcourts and BNZ for outstanding loans, Stuff understands.

In March, Justice Ian Gault granted him bail to leave New Zealand if he paid a surety of $10,000 to the court and returned within two weeks.

However, eight months later, Grewal still hasn't returned and his family have also left, in breach of the conditions set out by Justice Gault that his family would remain in the country.

A warrant has been issued for his arrest.

SUPPLIED Gurpreet Singh Grewal has been censured by the Real Estate Agents Disciplinary Tribunal.

At a Real Estate Agents Disciplinary Tribunal hearing earlier this month, Grewal was censured, an order was made that his licence be cancelled and he was ordered to pay a fine of $15,000 by December 17.

At the hearing on November 18, the Tribunal found Grewal responsible for all four transfers out of an agency trust account and he was found guilty of misconduct.

The Tribunal accepted Grewal's conduct in making declarations, knowing they were false, "was disgraceful".

When considering the penalty, the Tribunal took into account the fact Grewal chose to leave New Zealand, and not participate in the disciplinary proceedings.

"He has not acknowledged his offending, and he has not expressed any remorse or concern as to the risk he incurred regarding vendor clients' funds held in the Agency trust account," the judgment said.

"Cancellation of his licence is the only appropriate response to Mr Grewal's offending. He is not fit to hold a licence as a salesperson in the industry."

The Tribunal fined Grewal $15,000, the maximum fine available, to mark the "extreme seriousness" of his offending.

Earlier this year, Manukau Crown Solicitor Natalie Walker would not comment about Grewal's fleeing, but Stuff understands there is little Crown Law or police could do to return him to New Zealand.

"Information about whether extradition is or is not being pursued in a particular case cannot be generally made public because that would alert the person to a potential request and enable them to take steps to avoid being located," Walker said.

"For these reasons I am unable to say whether any steps have been or will be taken in this case to extradite Mr Grewal."