Dr. Rajan Lekhraj Mahtani Finally Received Legal Ownership of Zambezi Portland Cement From the Court of Appeal

Dr. Rajan Mahtani had to wait for more than a decade for getting true justice for Zambezi Portland Cement. But finally, this wait is over. Lusaka High Court, on May 2018, declared that Ventriglias were only shareholders of the Zambezi Portland Cement. This choice was given regardless of the important evidences and facts shared by Dr. Mahtani that adequately demonstrated that he is the genuine proprietor of the plant. Likewise, Lusaka High Court declared that Ventriglias were just investors of Zambezi Portland Cement, a choice which was denounced by all.

Then again, the Court of Appeal satisfied its desires. On 31st January 2019, the judge administering the Zambezi Portland Cement case at the Court of Appeal declared its official choice. According to this choice, Finsbury Investments is majority shareholder of Zambezi Portland Cement with 58 percent shares. Then again, Ventriglias are minority shareholders with 42 percent shares. This choice likewise lines up with the first Shareholders Agreement which was set up in 2005. The judge from the Court of Appeal likewise said that the judge underneath him wasn't right in announcing Ventriglias as majority shareholders without having solid proof.

In the meantime, there is a critical requirement for comparative straightforward and moral equity framework so legit and moral representatives quit enduring. Amid the case procedures fraud charges were made which were expelled by the judge by saying that these claims were raucous and with no premise. Besides, the judge likewise gave a time span of three months from the judgment date to regularize the sales process according to the new decision by the Court of Appeal.