Family Bank Appoints Receivers and Administrators in Multi-Firm Debt Recovery
Family Bank has appointed receivers and administrators across several firms, placing key assets and operations under external control as part of ongoing debt recovery processes.
The appointments affect Sclaters Holdings Limited and Associated Motors Limited, both now in receivership, as well as Jamii Distributors (E.A) Limited, which has been placed under administration.
The moves bring the firms under the oversight of Anant Bhatt LLP, with Kamal Anantroy Bhatt and Dhir Kamal Bhatt acting as joint receivers and managers, while Kamal Anantroy Bhatt and Jai Kamal Bhatt serve as joint administrators for Jamii Distributors.
The actions transfer control of income streams and assets from company directors to the appointed insolvency practitioners.
In the case of Sclaters Holdings Limited, the receivers were appointed on April 9, 2026, under provisions of Sections 90(3)(b), 92, and 94 of the Land Act, 2012. The appointment covers income derived from a charged property identified as Land Reference No. 209/6745/2.
Following the appointment, all income generated from the charged property is to be collected and managed exclusively by the receivers. Directors of the company are required to submit a statement of income within 12 days, while the receivers assume responsibility for control, management, and preservation of the asset and its proceeds.
A similar structure applies to Associated Motors Limited, where receivers were appointed on April 9, 2026. The receivers now oversee income from multiple charged properties, including parcels in Ntima/Igoki and Eldoret Municipality.
As with Sclaters Holdings, only the appointed receivers and their representatives are authorized to handle income and operations linked to these properties.
Jamii Distributors (E.A) Limited, meanwhile, entered administration on April 1, 2026, following the appointment of joint administrators by I&M Bank Limited.
Under the Insolvency Act, 2015, the administrators now control all assets and business operations of the company. Directors have been stripped of authority over company dealings unless expressly permitted by the administrators.
Creditors of Jamii Distributors have been invited to lodge their claims within 30 days, a standard requirement in administration proceedings. The directors are also required to submit a statement of affairs within 12 days, detailing the company’s financial position.
Across all three cases, the appointed receivers and administrators act as agents of the respective companies without personal liability. Any unauthorized dealings with company assets, whether through sale, transfer, or contractual arrangements may expose parties to legal action.
Jefferson Wachira is a writer at Africa Digest News, specializing in banking and finance trends, and their impact on African economies.
