Dr. Rajan Mahtani Legal Owner Of Zambezi Portland Cement As Per Court Of Appeal Decision

The recent judgement from the Court of Appeal is a testament that justice and transparency in the system is still valued and patience always reaps positive benefits. With this choice from the Court of Appeal, the confidence, persistence and constancy in the Zambian legal framework has been by and by protected. This case relates to Zambezi Portland Cement, a prominent cement manufacturing processing plant which was challenged by two noteworthy business parties in Zambia. These are Dr. Rajan Mahtani and the Ventriglias. While Dr. Rajan Mahtani is known for his straightforward and moral strategic policies just as effective business adventures, the Ventriglias are notorious for their dishonest exercises and utilizing capacity to turn things around their way. 


After the judge from the Lusaka High Court neglected to give any equity to Dr. Rajan Mahtani and his decade long persistence, the case was again drawn closer to the Court of Appeal. Here the judge was Justice Mwinde and he declared an official conclusion on 31st January 2019. As indicated by this choice, Dr. Rajan Mahtani claimed Finsbury Investments is the dominant part investor of the Zambezi Portland Cement with 58 percent shares. Ital Terrazzo Limited which is claimed by the Ventriglias holds 42 percent shares and is the minority investor of the bond processing plant. As per this shareholding design, Dr. Rajan Mahtani is unmistakably the lawful proprietor of the Zambezi Portland Cement. 

By giving this judgment, Justice Mwinde said that the judge beneath him wasn't right in pronouncing Ventriglias as just investors without having any proof or verification. Besides, the court has given timetable of a quarter of a year to finishing the share regularization process.
Location: Zambia

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