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Originally published by The Standard Business
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September 23, 2025
2h ago

Nakumatt attempt to liquidate insurer over Sh181m debt flops

Nakumatt attempt to liquidate insurer over Sh181m debt flops

The Commercial Court in Nairobi has blocked a Kenindia Assurance Company liquidation bid by defunct Nakumatt Holdings in a Sh181 million row...

✨ Key Highlights

The Commercial Court in Nairobi has dismissed a bid by the defunct Nakumatt Holdings to liquidate Kenindia Assurance Company over a Sh181 million debt. This ruling prevents Nakumatt from initiating the insolvency process against the insurer.

  • Most important fact or figure from the article: The case revolves around a Sh181 million debt.
  • Key person or organization involved: Nakumatt Holdings (defunct) attempted to liquidate Kenindia Assurance Company.
  • Notable detail that adds context: Kenindia Assurance Company initially moved to court in 2018 to block Nakumatt's attempt to liquidate them.

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