Imperial Bank receiver takes over Sparetech Trading, creditors given 30 days to file claims
A notice issued under the Insolvency Act, 2015, shows that Kamal Anantroy Bhatt of Anant Bhatt LLP was appointed Receiver and Manager on April 17, 2026, with authority over the company's business, assets and undertakings...
✨ Key Highlights
Imperial Bank Limited (In Liquidation) has placed Sparetech Trading Company Limited under receivership as part of its efforts to recover assets linked to the collapsed lender. Creditors are now being given 30 days to file their claims.
- Kamal Anantroy Bhatt of Anant Bhatt LLP was appointed Receiver and Manager on April 17, 2026.
- The move is a significant step in Imperial Bank's ongoing asset recovery process following its collapse in 2015.
- All parties dealing with Sparetech Trading's assets require the Receiver's written approval to avoid legal action.
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High Court lifts freeze on KBL arbitration award in Kisumu brewery dispute - July 2026
The High Court has lifted a freeze on a Kenya Breweries Limited (KBL) arbitration award concerning a dispute over the construction of its Kisumu brewery, ruling that indefinite suspension undermines alternative dispute resolution. Citibank Kenya has separately filed a High Court petition to halt investigations into a Sh261 million loan granted to Kiru Tea Factory Company Limited, seeking to protect one of its employees from being summoned, arrested, or prosecuted. Meanwhile, the Imperial Bank Limited (In Liquidation) receiver has placed Sparetech Trading Company Limited under receivership as part of efforts to recover assets linked to the collapsed lender, with creditors given 30 days to file their claims.
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