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Originally published by Nation Business
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business
July 12, 2026
10h ago

Why creditors want United Insurance liquidator ejected

Why creditors want United Insurance liquidator ejected

Creditors seek examination of Kamal Bhatt's conduct and the firm's finances nearly two years after his appointment...

✨ Key Highlights

Creditors are asking the High Court to remove Kamal Anantroy Bhatt, the court-appointed liquidator of the collapsed United Insurance, over allegations of spending Sh151.8 million without their approval.

  • Creditors seek removal of liquidator Kamal Anantroy Bhatt due to alleged unauthorized expenditure of Sh151.8 million.
  • United Insurance was placed under statutory management in July 2005 and ordered into liquidation in July 2024.
  • Despite assets exceeding verified claims of about Sh300 million, no creditor has received payment.

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