Resolution shareholders Linkham Services Ltd co-director Michael Cranfield said alongside his partner, Dominic Persad, they faced resistance in implementing the key in saving the firm.
We were treated like flower girls at Resolution Health, British shareholder Linkham cries out standardmedia.co.ke - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from standardmedia.co.ke Daily Mail and Mail on Sunday newspapers.
The Insurance Regulatory Authority (IRA) stopped the Resolution deal, which in principle looked like an indirect takeover by Xplico owners, without offering reasons.
Resolution founder Peter Nduati accuses the majority shareholder, Linkham Services Ltd, and its associates of breaching a share purchase deal blamed for the collapse of the insurer.