The Imperial Bank Limited has appointed Kamal Anantroy Bhatt at Anant Bhatt LLP as the receiver and manager for Nafas World Auto (K) Limited, which is currently under liquidation.
The decision was made by Imperial Bank Limited in its capacity as the secured lender on April 23, 2026.
The move was formalized on March 28, 2026, marking a major development for the motor vehicle dealership and its stakeholders.
From the date of the appointment, the management and day-to-day running of the company are no longer under the control of Nafas directors, as the appointment gives the receiver full control over the affairs, assets, and business operations of Nafas World Auto with immediate effect.
“The purpose of this notice is to notify all interested stakeholders that following the Receiver’s appointment, the affairs and business of the company shall be directed by the Receiver,” read part of the notice.
Nafas World Auto Loses Control
Following the appointment, all powers previously held by Nafas World Auto’s directors have been suspended.
This means the directors can no longer make decisions or take any action on the company’s behalf unless they receive written approval from the receiver.
The receiver has assumed all the company’s assets and undertakings and is now responsible for directing its business operations.
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This includes managing, selling, or otherwise dealing with the company’s property in accordance with the law and the objectives of the receivership.
The notice further warns that the company, its officers, or any other persons are prohibited from purchasing, selling, hiring, receiving, using, contracting, or attempting to deal with any company assets without the receiver’s written consent.
Any actions taken in violation of this directive may result in legal action.
As outlined in the notice, the purpose of placing the company under receivership is to protect the interests of the lender and other stakeholders and to ensure the proper management of the company’s assets.
Creditors Invited to Submit Claims
Creditors of Nafas World Auto have been invited to lodge their claims with the receiver within 30 days from the date of the notice.
This step aims to establish the full extent of the company’s liabilities and ensure that all claims are properly recorded during the receivership process.
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In addition, the company’s directors have been directed to prepare and submit a Statement of Affairs to the receiver within 12 days of the date of the notice.
The statement is expected to provide a detailed account of the company’s financial position, including assets, liabilities, and outstanding obligations.
The receiver has stated that all actions taken in the course of managing the company will be carried out without personal liability.
This is in line with standard practice under the Insolvency Act, which protects receivers acting within their lawful mandate.
Any claims, questions, or issues regarding Nafas World Auto should be addressed directly to the recipient.
Correspondence should be sent to Kamal Anantroy Bhatt at Anant Bhatt LLP, Falcon House, 2nd Floor, City House on Nyerere Avenue in Mombasa.
The receivership process is expected to determine whether the business can be reorganized, sold as a going concern, or wound down to settle outstanding debts.
Nafas World Auto (K) Limited is a Nairobi‑based motor vehicle dealer involved in the importation and sale of used and new motor vehicles, mainly targeting the middle‑ and high‑end market.
The company has operated in Kenya’s highly competitive motor trade sector, which relies heavily on bank financing to import vehicles and sustain cash flow.
