After Fighting For More Than A Decade, Court Of Appeal Settles The Case Of Portland Cement


Patience, trust and perseverance have been the major defining traits of Dr. Rajan Lekhraj Mahtani during his long struggle for the Portland Cement Zambia ownership. Be it Lusaka High Court or the higher Court of Appeal, Dr. Mahtani has always trusted in the Zambian judicial system and eventhough it tools more than a decade, justice was given at last. The Court of Appeal on 31st January 2019 announced that Dr. Mahtani was actual owner of the Portland Cement factory. By giving this decision, justice from the higher Court of Appeal also effectively reversed the previous decision from the lower court, Lusaka High Court. After more than a decade of case proceedings, justice Nkonde from the Lusaka High Court had earlier given a very misleading judgement by announcing Ventriglias as only shareholders of Portland Cement. This decision was then countered at the higher Court of Appeal.
On 31st January 2019, final decision came from the Court of Appeal. By means of this decision, justice Mwinde announced that Ventriglias were only minority shareholders and had no legal ownership over this factory as they held only 42 percent shares. On the other hand, the judge found Dr. Mahtani to be the majority shareholder as his company Finsbury Investments holds 58 percent shares at the Zambezi Portland. This clearly makes Dr. Rajan Lekhraj Mahtani the legal owner of the factory.
Justice Mwinde from the higher Court of Appeal also cleared the air on forgery related allegations by announcing them as misdirected and discarding them. Furthermore, both parties have been given a stringent timeline during which they are required to complete the share sales or regulation activities based on the new judgement.

Location: Zambia

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