Fired MD petitions court to liquidate Keroche over Sh75m claim
In a notice dated August 21 and filed by Achach & Associates Advocates LLP, creditors and contributors were informed of the petition and invited to appear before the court in support or opposition when the matter is heard. Kenya breaking news | Kenya news today |..
✨ 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.
Continue Reading
Read the complete article from Capital Business
Part of the Day's Coverage
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.
