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Originally published by Capital Business
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business
June 26, 2026
5h ago

Rupsa seeks insolvency process for KUSCCO over Sh17.7bn liabilities

Rupsa seeks insolvency process for KUSCCO over Sh17.7bn liabilities

The petitioner urged the court to dismiss KUSCCO's preliminary objection, saying the case raises factual and legal issues that require a full hearing...

✨ Key Highlights

RUPSA Sacco has asked the High Court to place KUSCCO under insolvency proceedings, citing the cooperative's substantial liabilities and audit findings.

  • KUSCCO faces liabilities of Sh17.7 billion against assets of Sh5.2 billion, indicating a deficit of approximately Sh12.5 billion.
  • The petitioner, RUPSA Sacco, is arguing for the applicability of the Insolvency Act to KUSCCO.
  • The dispute hinges on whether KUSCCO, registered as a cooperative society, can be subjected to insolvency proceedings, with the court to decide on jurisdiction.

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