High Court Rejects Petition to Liquidate KUSCCO

The High Court in Nairobi has struck out a petition by a savings and credit cooperative organisation (SACCO) seeking to liquidate the Kenya Union of Savings and Credit Co-operatives Limited (KUSCCO) over an alleged unpaid debt of about Ksh108.85 million. Justice Rhoda Rutto ruled that the petition had been filed under the wrong legal framework…

KUSCCO liquidation petition struck out by High Court

High Court strikes out petition seeking to liquidate KUSCCO Court rules cooperative societies fall under a separate legal framework Commissioner appoints a liquidator to oversee KUSCCO’s affairs The High Court has struck out an insolvency petition seeking to liquidate the Kenya Union of Savings and Credit Cooperatives Limited (KUSCCO). Nairobi’s Milimani High Court ruled that…