He said Waterstone had a record of litigating claims if needed, and there were a number of matters to be investigated, including whether there were inter-company payments or reckless trading. Vijay was the construction company tasked with building Nido, a $60m, 27,000 square metre projected which was aspired to be New Zealand's biggest retail outlet. It opened incomplete in June shortly after the lifting of the Level 4 lockdown and the first liquidators’ report said Vijay’s director was unable to raise more funding to finish the work. Meanwhile, Nido’s receivers Kare Johnstone and Conor McElhinney said the store was still trading and stock had been discounted while the search for a buyer was underway. About 100 staff were waiting to hear about their future.