{
  "id": 10632213,
  "title": "High Court strikes out KUSCCO liquidation petition, says co-operative societies governed by separate law",
  "url": "https://urgent.news/2026/09/29/high-court-strikes-out-kuscco-liquidation-petition-says-co-operative",
  "topic": "world",
  "section": "World",
  "published": "2026-09-29T07:05:24.000Z",
  "source": {
    "name": "Capital FM Kenya",
    "slug": "capital-fm-kenya",
    "url": "https://capitalfm.africa/high-court-strikes-out-kuscco-liquidation-petition-says-co-operative-societies-governed-by-separate-law/"
  },
  "original_language": "en",
  "account": "The High Court in Nairobi recently dismissed a petition seeking to liquidate the Kenya Union of Savings and Credit Co-operatives Limited (KUSCCO) under the Insolvency Act. The court held that co-operative societies are governed by a separate legal framework, as outlined by the Co-operative Societies Act. Justice Rhoda Rutto ruled that the petition lacked jurisdiction, as KUSCCO was registered under the Co-operative Societies Act, not the Companies Act. The judge pointed out that while KUSCCO is considered a \"body corporate\", this does not make it a \"company\" for the purposes of the Insolvency Act. The court found that RUPSA Regulated NWDT Sacco Society Limited's arguments about KUSCCO's financial difficulties could not confer jurisdiction under the Insolvency Act. The ruling upholds a preliminary objection by KUSCCO and strikes out the petition dated March 17, 2026, for lack of jurisdiction.",
  "summary": "The High Court has struck out a petition seeking to liquidate KUSCCO under the Insolvency Act, ruling that co-operative societies are governed by the Co-operative Societies Act",
  "key_points": [
    "High Court dismisses KUSCCO liquidation petition",
    "KUSCCO governed by Co-operative Societies Act",
    "Insolvency Act jurisdiction lacks basis"
  ],
  "editors_take": "The ruling clarifies that co-operative societies like KUSCCO fall outside the purview of the Insolvency Act, limiting the avenues for creditors to seek liquidation.",
  "illustration": null,
  "coverage": {
    "outlets": 4,
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        "published": "2026-09-29T01:20:35.000Z"
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        "published": "2026-09-29T08:38:53.000Z"
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    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}