Dr. Rajan Mahtani Considered Winner For The Zambezi Portland Cement At Court Of Appeal


Zambezi Portland Cement is a cement assembling industrial facility which was challenged by two noteworthy business parties in Zambia for over 10 years. These included Dr. Rajan Mahtani, a prominent industrialist and agent and the other contender were the Ventriglia family. Amid the case procedures which proceeded for 10 years, a few critical reports and confirmations were shared by Dr. Rajan Mahtani to demonstrate his legitimate case. Notwithstanding, every one of these confirmations were of no utilization as an ultimate conclusion was given against him. After which, an intrigue was put at the Court of Appeal.
The Court of Appeal reported its last judgment on 31st January 2019. According to this judgment, Dr. Rajan Mahtani is greater part investor at the Zambezi Portland Cement. This judgment viably turns around the judgment given by the Lusaka High Court Judge Justice Nkonde. The judgment at the Court of Appeal occurred amid the early morning session and went on for around 1.5 hours. The judge directing the case for the benefit of the Court of Appeal was Justice Mwinde. While reporting the judgment, Justice Mwinde likewise said that the judge underneath him wasn't right in announcing the Ventriglias as dominant part investor without having any solid proof. The Judgment by the Lusaka High Court judge was considered illegal and misled and was successfully turned around.
According to the new judgment, Finsbury Investments which is claimed by Dr. Rajan Mahtani has 58 percent offers at the Zambezi Portland and the Ventriglias claim 42 percent offers at the production line. This shareholding design is like the first investors understanding set up in the year 2007. All things considered, the main lion's share investor is Finsbury Investment and in this manner the legitimate proprietor of the production line. The court has additionally given a course of events of three months from the date of judgment to finish and reprocess the closeout of the offers.

Location: Zambia

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