Dr. Rajan Lekhraj Mahtani Announced Winner Of Portland Cement Zambezi Case


On 31st January 2019, the Court of Appeal declared its last judgment on the Portland Cement Zambia case. As per this judgment, Dr. Rajan Mahtani possessed Finsbury Investments holds 58 percent shares at the industrial facility and is the larger part investor of the manufacturing plant. Then again, Ventriglias claimed Ital Terrazzo Limited holds only 42 percent shares at the manufacturing plant and is the minority investor with no legitimate responsibility for plant. While giving this judgment, equity Mwinde from the Court of Appeal additionally said that the judge underneath him wasn't right in proclaiming Ventriglias as just investors as this choice was misled and with no proof. 



Aside from the above choices, equity Mwinde from the Court of Appeal likewise uncovered different subtleties related with the case. It was uncovered that Dr. Rajan Mahtani possessed Finsbury Investments paid an entirety of K580, 000,000 to the court on 6th February 2019. This sum was paid according to the choice from the court and as for the business enlistment of the Portland Cement Zambia. This sum was paid with interest for consistence with the said judgment. Then again, Finsbury Investments have likewise claimed an aggregate of K1 billion with interest on the Zambezi Portland Cement. This payment was claimed with respect to the entire share capital issued for Zambezi Portland Cement’s shares. This payment by Finsbury Investments was additionally affirmed by the Court of Appeal with proof of share exchange reports during January 2007 and December 2006. These reports further affirm the legitimate possession and majority shareholding of Finsbury Investments on the Portland Cement Zambia case. Final results on this issue will be announced soon. 
Location: Zambia

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