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Originally published by Nation Business
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business
January 30, 2026
17h ago

Kuscco gets relief in assets auction row

Kuscco gets relief in assets auction row

High Court temporarily halts the auction of its assets...

✨ Key Highlights

Kuscco has received a temporary reprieve in an assets auction dispute with PCEA Ruiru Sacco (now RUPSA Sacco), with a 30-day suspension granted to halt the planned sale of its assets.

  • The suspension was granted pending an appeal against a December 11, 2025, tribunal ruling ordering Kuscco to pay RUPSA Sh108.8 million.
  • The dispute arose from fixed deposits RUPSA placed with Kuscco between 2018 and January 2024, which were not refunded due to Kuscco's liquidity challenges.
  • Kuscco's lawyer, Cecil Miller, argued that the auction would cause "irreversible harm" and render the appeal "nugatory" if allowed to proceed.
  • Auctioneers had listed several motor vehicles and office assets for sale, with warrants of attachment issued on January 19, 2026.

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