Court of Appeal Announces Its Final Judgement On The Portland Cement Zambia Case, Dr. Mahtani Winner

The Court of Appeal reported ultimate choice on Portland Cement Zambia processing plant on 31st January 2019. This choice was declared nine months after the case was enrolled there by Dr. Rajan Mahtani. The case, which was initially propelled at the Lusaka High Court, took over ten years to declare its ultimate conclusion. In any case, an official choice declared was incredibly dubious as the judge from the Lusaka High Court reported that Ventriglias were only shareholders and investors of the Zambezi Portland Cement production line. This choice was given without investigating confirmations or real evidences. Accordingly, Dr. Rajan Mahtani was left with no decision yet to approach 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 is greater part investor of the Zambezi Portland Cement with 58 percent shares. Then again, Ventriglias claimed Ital Terrazzo Limited holds just 42 percent shares at the manufacturing plant. In this way, Dr. Rajan Mahtani is the majority shareholder and legitimate proprietor of the Zambezi Portland Cement plant and the Ventriglias are just minority investors. 

During this judgment, the Court of Appeal judge additionally shared various basic subtleties which were nearly missed or disregarded by past judges. Finsbury Investments has likewise asserted a total of K1 Billion with enthusiasm against whole offer capital issued for Zambezi Portland Cement. This offer capital exchange was additionally affirmed with money related confirmations of offer exchanges led in January 2007 and December 2006. This offer capital exchange additionally affirmed the 58 percent shareholding of Dr. Rajan Mahtani of Portland Cement Zambia and his lawful responsibility for processing plant.
Location: Zambia

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