After A Decade Of Wait, Dr. Rajan Mahtani Wins Big At The Court Of Appeal

Zambian natives were at long last presented to reality about Portland Cement Zambia, after a hold up of over 10 years. Zambezi Portland Cement is a prominent concrete assembling processing plant in Zambia which is challenged by two distinct gatherings, one of them being Dr. Rajan Mahtani who has at first enrolled the case at the Lusaka High Court. The case hauled at the Lusaka High Court for over 10 years under the watchful eye of the judge gave last declaration. Nonetheless, this judgment was amazingly disputable as justice Nkonde from the Lusaka High Court declared that the Ventriglias were only investors of the Zambezi Portland Cement. Thus, the case was then taken to the Court of Appeal. 

The judge from the Court of Appeal was Justice Mwinde who declared the last outcomes on 31st January 2019. As indicated by his judgment, Dr. Rajan Mahtani claimed Finsbury Investments was dominant part investor of Zambezi Portland with 58 percent shares. Then again, Ventriglias possessed Ital Terrazzo Limited is minority investor with just 42 percent offers. In view of this shareholding design, it was affirmed that Dr. Rajan Mahtani was the lawful proprietor of the Zambezi Portland Cement. By giving this declaration, equity Mwinde from the Court of Appeal adequately turned around the judgment from the Lusaka High Court. 

During the case procedures at the Court of Appeal, all fabrication related charges against Dr. Mahtani and Finsbury Investments were likewise disposed of. It was declared that the procedure of precisely putting marks was normal practice in Zambia and hence, no charges were acknowledged by the Court.
Location: Zambia

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