Dr. Rajan Lekhraj Mahtani Finally Wins The Zambezi Portland Cement Case At The Court Of Appeal


The court of Appeal on 31st January 2019 made a standout decision amongst the most critical issues of the year. This choice is identified with Zambezi Portland, a cement producing manufacturing plant in Zambia. Another essential name related with the production line is Dr. Rajan Mahtani, a prominent businessperson with many years of successful business involvement in Zambia. Dr. Rajan Mahtani had been battling a case at the Lusaka High Court for over 10 years. Regardless of sharing various basic proof and tributes, the last judgment was given against his cases. After this choice, Dr. Rajan Mahtani moved toward the Court of Appeal.
After around eight months from the Lusaka HC decision, the judge from the Court of Appeal switched it. Judge Mwinde Siavwapa iterated that the judge underneath him, Justice Nkonde, wasn't right in pronouncing Ventriglias as only investors and shareholders without thinking about the confirmations. According to the most recent judgment at Court of Appeal, Finsbury Investments possessed by Dr. Rajan Mahtani is the greater part investor with 58 percent offers at the Zambezi Portland. Then again, Ventriglias with 42 percent offers are the minority investors. As indicated by the first investors understanding, the processing plant was built up as a joint endeavour and Dr. Rajan Mahtani was the sole joint endeavour proprietor with larger part shared. At long last the understanding was acknowledged and built up under the watchful eye of the Court of Appeal and the lawful possession has been exchanged to Finsbury Investments.
All shareholding processes and sales of the shares are required to be completed within three months from the date of the judgment as per the judge.







Location: Zambia

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