Family Bank has appointed receivers and administrators of three firms over loan defaults, placing their assets and operations under external control.
The affected firms are Sclaters Holdings Limited, Jamii Distributors (E.A) Limited, and Associated Motors Limited.
The bank appointed Kamal Anantroy Bhatt alongside Dhir Kamal Bhatt and Jai Kamal Bhatt of Anant Bhatt LLP as joint receivers and administrators to take over the management of the affected companies.
In separate notices published on April, 2026, the lender said the appointments were made pursuant to Section 90(3)(b), Section 92, and Section 94 of the Land Act 2012 and the terms of the Charge dated 30th August 2021.
In one notice, Kamal Anantroy Bhatt & Dhir Kamal Bhatt, of Anant Bhatt LLP, were appointed as joint Receivers & Managers (“The Receivers”) of the income of the charged property of Sclaters Holdings Limited (the Company).
As per the notice, Kamal Anantroy Bhatt & Dhir Kamal Bhatt will take control of the charged property known as Land Reference No. 209/8745/2 IR NO. 56214 registered in the name of Sclaters Holdings Limited,” read a separate notice.
“The purpose of this notice is to notify all interested stakeholders that following the Receivers’ appointment, the income of the above-mentioned properties of the company shall be received and directed by the Receivers,” read the notice in part.
In a second notice, Family Bank announced that the receivers will take control of several charged properties linked to the Associated Motors Limited, including Title No. NTIMA/IGOKI/2729, Title No. Eldoret Municipality Block 12/12 and Title No. Eldoret Municipality Block 12/181.
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Further, Family Bank announced that Kamal Anantroy Bhatt and Jai Kamal Bhatt of Anant Bhatt LLP were appointed by I&M Bank Limited as joint administrators of Jamii Distributors (E.A) Limited on April 1, 2026.
Following the appointments, the insolvency practitioners will assume full authority over the firms’ assets, income, and operations.
This means directors of the affected companies will no longer have authority over the businesses, with all financial and operational decisions now resting with the appointed managers.
The receivers will be responsible for collecting income from charged properties and preserving assets, while administrators will oversee the running of the businesses as part of efforts to stabilize operations and repay creditors.
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Creditors to Lodge Claims Within 30 Days
Creditors have been invited to submit their claims within 30 days of the notices, while directors have been required to provide statements detailing the company’s financial positions within 12 days.
“The Receivers act on behalf of the Company without personal liability,” the notice read further.
The Directors are required to furnish the Joint Receivers with the statement of income of the charged properties within 12 days from the date hereof.
Any claims, queries, and matters relating to the income of the charged properties of the company shall be addressed to Anant Bhatt LLP, 1st Floor, City House, Nyerere Avenue, Mombasa, P.O. Box 80766-80100.
