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HomeDaily NewsTuesday, August 26, 2025Keroche, LSHS, and Invesco Face Liquidation and Auction Over Debts - August 2025
Business & Economy3 stories from 1 sources

Keroche, LSHS, and Invesco Face Liquidation and Auction Over Debts - August 2025

Several Kenyan companies are facing severe financial distress. Keroche Breweries Limited is subject to a new liquidation petition from a former Managing Director over an unpaid debt of approximately Sh75 million. Labh Singh Harnam Singh Ltd (LSHS), Kenya’s oldest truck and bus body manufacturer, is being auctioned to recover a Sh1.1 billion debt owed to KCB Group. The company's assets, including a 5-acre industrial property in Machakos County, are up for sealed bids. In another case, Invesco has entered provisional liquidation, with Diana Ndukumumo appointed as the liquidator.

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Tuesday 4:22 PMCapital Business

Fired MD petitions court to liquidate Keroche over Sh75m claim

Fired MD petitions court to liquidate Keroche over Sh75m claim

Keroche Breweries Limited faces a fresh liquidation petition filed by former Managing Director Sam Kruschev Shollei over an unpaid judgment debt of approximately Sh75 million.

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Key Highlights

Keroche Breweries Limited faces a fresh liquidation petition filed by former Managing Director Sam Kruschev Shollei over an unpaid judgment debt of approximately Sh75 million.

  • The petition, filed in the High Court in Nakuru, seeks to liquidate Keroche for failing to settle an outstanding balance from a 2022 wrongful dismissal award.
  • The key organization involved is Keroche Breweries Limited, founded by Tabitha and Joseph Karanja.
  • The debt originated from a 2022 Employment and Labour Relations Court award of over Sh52 million to Shollei, with interest and litigation costs now increasing the total claim to roughly Sh75 million.
Tuesday 2:15 PMCapital BusinessFirst

Diana Ndukumumo Appointed Liquidator as Invesco Enters Provisional Liquidation

Diana Ndukumumo Appointed Liquidator as Invesco Enters Provisional Liquidation
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Key Highlights

Diana Ndukumumo has been appointed provisional liquidator for Invesco Assurance Company Limited following a High Court order issued on July 31, 2025. This action aims to stabilize the troubled insurer amidst ongoing financial difficulties and a previous liquidation petition filed in December last year.

  • Creditors are required to submit claims through Proofs of Debt, while directors must file a Statement of Affairs within 21 days.
  • The Insurance Regulatory Authority (IRA) had previously placed Invesco under statutory management in August 2024, extending this period in February 2025.
  • The Policyholders Compensation Fund (PCF) was serving as the Statutory Manager.
Tuesday 4:35 PMCapital Business

Kenya’s oldest bus and truck body maker LSHS put on auction over Sh1.1bn debt

Kenya’s oldest bus and truck body maker LSHS put on auction over Sh1.1bn debt

Labh Singh Harnam Singh Ltd (LSHS), Kenya’s oldest truck and bus body manufacturer, is being auctioned off to recover a Sh1.1 billion debt owed to KCB Group. Its assets, including a 5-acre industrial property in Machakos County, are up for sealed bids.

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Key Highlights

Labh Singh Harnam Singh Ltd (LSHS), Kenya’s oldest truck and bus body manufacturer, is being auctioned off to recover a Sh1.1 billion debt owed to KCB Group. Its assets, including a 5-acre industrial property in Machakos County, are up for sealed bids.

  • Most important fact or figure from the article: LSHS assets are being auctioned to recover a Sh1.1 billion debt.
  • Key person or organization involved: KCB Group and Phillips International Auctioneers.
  • Notable detail that adds context: Bids for the property and machinery must be submitted by September 24, 2025, by 11:00 AM.
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