Nairobi, Sept. 4 -- A Ruiru-based sacco wants the High Court to block the three liquidators appointed by the Commissioner for Co-operative Development to liquidate the Kenya Union of Savings and Credit Co-operatives (Kuscco) and instead appoint an independent insolvency practitioner.

Rupsa Sacco, which is owed Sh108.8 million by Kuscco, says the appointment of the State-picked team threatens existing court orders preserving the entity's assets. The sacco also raises questions over the independence of the liquidation process.

The High Court on Friday certified Rupsa's application as urgent and ordered the parties to appear before the court on September 8 for further directions.

The dispute follows the publication of a gazette notice on ...