Judge suspends liquidation of troubled Kuscco
Nairobi, Sept. 9 -- 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.
Read: Twist as sacco moves to block State-picked Kuscco liquidators
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 t...
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