The High Court has suspended a gazette notice by the Commissioner for Co-operative Development, which appointed three officials to liquidate the troubled Kenya Union of Savings and Credit Co-operatives (Kuscco).
This follows a petition by a Ruiru-based sacco for the State-appointed officers to be dropped and replaced by an independent insolvency practitioner.
The court temporarily suspended the gazette notice until September 28, when the judge will determine whether it has jurisdiction to hear a dispute filed by Rupsa Sacco Society Limited.
“In the meantime, a stay order suspending the gazette notice is hereby issued, pending the determination of the issue of jurisdiction,” the court said.
Rupsa NWDT Sacco Society…