To protect the rights of policyholders and claimants, the Insurance Regulatory Unit took legal action against Gazal Insurance Company, culminating in a bankruptcy judge issuing a decision on June 26 (Unit No. 23/2024 declaring bankruptcy). The decision came after the unit filed for bankruptcy due to numerous violations, complaints, and financial instability within the company. The judge's ruling included canceling all valid insurance policies issued by Gazal Company and the resulting legal consequences.