PREMIUM United Insurance liquidator directed to hold creditors' meeting Business Just now Listen

The liquidator also told the court that he had filed a Sh141 million recovery claim against George Kariuki over compensation funds from the Standard Gauge Railway (SGR) belonging to Fidei Holdings Limited, a subsidiary of United Insurance.

For contentious winding-up proceedings such as United Insurance’s case, Mr Bhatt said the applicable fee was Sh150,000 for the first Sh1 million and 10 per cent of the remainder.

Article The High Court has directed the liquidator of the collapsed United Insurance, Kamal Anantroy Bhatt, to hold a creditors meeting within two weeks.