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The founder and developer of New Zealand’s biggest furniture store has told suppliers that his building company cannot pay them, is seeking to refinance and begging them not to sue.
Vinod Kumar, a director of Vijay Holdings which built the new Nido store in Henderson, sent a letter to creditors saying he had financial issues and “we won’t be able to pay the balance promptly but over time that is certainly the intention”.
Daran Nair and Heiko Draht of Greenlane Chartered Accountants were appointed liquidators …
Read the full article at: https://www.nzherald.co.nz/business/nido-founders-122-million-building-company-in-liquidation-creditors-complain/YRUEN5GBXXN7ZCDAKN7XQGASUI/
