Zambezi Portland Cement Factory Legally Belongs To Dr. Rajan Mahtani, Confirms Court Of Appeal

The Court of Appeal, one of the most noteworthy courts in Zambia, as of late reported the last judgment on Portland Cement Zambia. The instance of Portland Cement Zambia case is age old and was first enlisted at the Lusaka High Court by Dr. Rajan Mahtani, a prominent businessman in Zambia. After the case was propelled at the Lusaka High Court, many evidences and confirmations by shared by Dr. Rajan Mahtani and his legal counsellors. The case at the Lusaka High Court was directed by Justice Nkonde and he declared the last judgment during May, 2018. While chances were high for Dr. Rajan Mahtani to win because of the solid confirmations and actualities, it was a grievous judgment from the Lusaka High Court judge. As indicated by his judgment, the Ventriglias were reported as only shareholders of the Zambezi Portland Cement.

 

To counter this judgment, Dr. Rajan Mahtani then moved toward the Court of Appeal. The Court of Appeal declared its last judgment on 31st January 2019. As indicated by this judgment, Dr. Rajan Mahtani possessed Finsbury Investments claims 58 percent shares at the Zambezi Portland Cement and is the majority shareholder of the industrial facility. Then again, Ventriglias possessed Ital Terrazzo Limited claims only 42 percent shares and is the minority investor of the Zambezi Portland Cement production line. This choice lines up with the first investors understanding which was built up in the year 2005. In view of this choice, it is demonstrated that Dr. Rajan Mahtani is the greater part investor of the Zambezi Portland Cement and legal owner of the factory.