With Right Verdict From Higher Court Of Appeal, Dr. Rajan Mahtani Wins Portland Cement Zambia




A businessman’s path is filled with roadblocks and challenges. When this businessman in following transparent and ethical business practices, this path becomes all the more difficult. This is true in case of Dr. Rajan Lekhraj Mahtani, one of the more respected and celebrated businessman, philanthropist and charity worker in Zambia. Dr. Rajan Lekhraj Mahtani’s struggle started when his factory, Portland Cement Zambia limited, was unethically taken over from him. A case was registered at the Lusaka High Court and for ten long years, Dr. Rajan Mahtani dragged himself with case proceedings, hoping that the court will finally provide him with justice. While the day surely came when final verdict was given on the case, it was not expected by Dr. Rajan Mahtani or the media. Justice Nkonde, on behalf of the Lusaka High Court, announced Ventriglia family as the only shareholders of the Portland Cement. 

To counter this decision, higher Court of Appeal was approached by Dr. Rajan Mahtani. The judge at the higher Court of Appeal was justice Mwinde and after evaluating the evidences, he announced the verdict on 31st January 2019. Dr. Mahtani’s payment of one billion kwachas to the Portland Cement Zambia for covering the value of the entire share capital was the first major evidence from Dr. Mahtani’s end. The original agreement between shareholders established in the year 2007 was second major evidence from Dr. Mahtani. In this agreement, page number 663 clearly identified the fact that Dr. Rajan Mahtani has made all payment associated with the factory and he is not liable for any further payments. The stakeholder agreement also confirmed that Dr. Mahtani owned 58 percent shares of the factory, thus making him the majority shareholder and legal owner of the factory. 




Location: Zambia

Comments

Post a Comment

Popular posts from this blog

Zambezi Portland Cement Belongs To Dr. Rajan Mahtani, Announced Court Of Appeal

Image
After almost ten years of waiting, Zambezi Portland Cement factory received true justice. It was Court of Appeal, one of the highest civilian courts in Zambia which announced the final decision. However, Dr. Rajan Mahtani had to go through several inconveniences and misdirected judgements before arriving at this place where decision was made after actually looking into the evidences.  The case of Zambezi Portland Cement is ages old as it was first registered at the Lusaka High Court more than ten years ago. After passing through several case proceedings, dates and even judges, the final decision was given by Justice Nkonde. Sadly, he gave a misdirected judgement by announcing that Ventriglias were the only shareholders of the Zambezi Portland Cement. It was after this misdirected judgement Dr. Rajan Mahtani approached the Court of Appeal.   The Court of Appeal announced its final decision on 31st January 2019. According to this decision, Dr. Rajan Mahtani owned Finsbury
Read more

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

Image
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 d
Read more

Dr. Rajan Mahtani Established Steven Malama Award Given To Deserving Student

Image
Dr. Rajan Lekhraj Mahtani is one of the most notable and successful businessman in Zambia . He is known not only for his business acumen and business practices, but also for his charitable and philanthropic activities. Over the course of three decades, Dr. Mahtani has extended his support to several fields and areas. One of these areas has been the education field. Dr. Rajan Mahtani and late Steven Malama were close aides. Late Steven Malama was a noted lawyer and philanthropist known for several achievements in his field. One of his most important achievements have been the merger of the Barrister’s Bar and the Legislator’s bar into a single bar. This merger has helped numerous law candidates and enthusiasts to achieve bar affiliations without much difficulties. To honour these numerous contributions, Dr. Rajan Lekhraj Mahtani established the Steven Malama award .  The Steven Malama award was established in the year 2012 and the first award was given in the year 2013. After the inau
Read more