Court Of Appeal Announced Final Decision On Portland Cement Zambia, Dr. Mahtani Announced Winner

Patience and perseverance can never go wrong, which was proved by the final outcome of the Portland Cement Zambia case at the Court of Appeal. Dr. Rajan Mahtani is a prominent businessman in Zambia with various effective organizations in Zambia. A portion of these organizations are Mahtani Group of Companies, Finsbury Investments and Finance Bank Zambia. He is likewise the legitimate proprietor of Portland Cement Zambia, a concrete assembling industrial facility for which he battled for over 10 years. The instance of Portland Cement Zambia was enrolled first at the Lusaka High Court and an ultimate choice came ten years after. The judge at the Portland Cement Zambia was Justice Nkonde who gave a very disputable judgment by declaring that Ventriglias were only shareholders of the Zambezi Portland Cement. 

After this dubious judgment, Dr. Rajan Mahtani moved toward Court of Appeal which gave its judgment on 31st January 2019. This judgment was given by justice Mwinde in the wake of investigating all confirmations and evidences. According to this choice, Dr. Rajan Mahtani possessed Finsbury Investments is dominant part investor of the Zambezi Portland Cement with 58 percent shares. Then again, Ventriglias possessed Ital Terrazzo Limited holds 42 percent shares and is the minority investor of the Zambezi Portland Cement. In view of this shareholding pattern, obviously Dr. Rajan Mahtani is the legitimate proprietor of the Zambezi Portland Cement processing plant. 

Moreover, the judge at the Court of Appeal disposed of all forgery related claims by accounting them to be without any basis. It was discovered that the procedure of precisely setting marks was a typical practice in Zambezi Portland Cement and all things considered, the fraud charges were invalid.

Portland Cement Zambia Case Results Announced By Court Of Appeal, Affirmative Decision Made

After more than a decade of excruciating wait, patience and perseverance, Dr. Rajan Mahtani was able to receive justice from the Zambian law and order. This refers to the case of Portland Cement Zambia, a noted manufacturing factory which was contested by Dr. Mahtani after it was illegally taken away from him. Despite sharing numerous evidences and testimonials, Dr. Rajan Mahtani had to face injustice at the hands of the Lusaka High Court where the case was initially registered. Justice Nkonde from the Lusaka High Court announced the final judgment during the month of May, 2018, and gave the announcement that Ventriglias are the only shareholders of the Zambezi Portland Cement. 

To counter this misdirected judgment, Dr. Rajan Mahtani then approached the Court of Appeal. The judge at the Court of Appeal was justice Mwinde who gave the final judgment on 31st January 2019. According to this judgment, Dr. Rajan Mahtani owned Finsbury Investments holds 58 percent shares at the Zambezi Portland Cement factory and is the majority shareholder of the factory. On the other hand, Ventriglias owned Ital Terrazzo Limited holds just 42 percent shares at the factory and is the minority shareholder of the Zambezi Portland Cement. Justice Mwinde also confirmed that this decision aligns with the original shareholders agreement established in the year 2007. Based on this decision, it is confirmed that Dr. Rajan Mahtani is the legal owner of the Zambezi Portland Cement. 

Furthermore, justice Mwinde while giving the judgment also said that the judge below him was wrong in declaring Ventriglias as only shareholders as this decision was without any evidence or proof.

Testimony And Evidences At The Court Of Appeal Prove Dr. Mahtani As Legal Owner Of ZPC

The case of Portland Cement Zambia is age old. It was registered by Dr. Rajan Mahtani, a noted businessman and philanthropist, almost a decade back. The case was registered as Dr. Rajan Mahtani claimed that his factory, Zambezi Portland Cement, was illegally taken away from him. After this, the case lagged for more than a decade. The final decision on Portland Cement came from Justice Nkonde of the Lusaka High Court during the month of May, 2018. However, this decision was extremely controversial as the judge announced Ventriglias as only shareholders of the Zambezi Portland Cement. To seek justice, Dr. Mahtani was left with no other option than to approach Court of Appeal.

The Court of Appeal announced its judgement on 31^st January 2019, nine months after the case was launched there. The judge at the Court of Appeal was justice Mwinde and the judgement was given during the morning hours of the court session. As per the judgement by justice Mwinde, Dr. Rajan Mahtani is the majority shareholder of the Zambezi Portland Cement with 58 percent shares at the factory. On the other hand, Ventriglias are the minority shareholders of the Zambezi Portland Cement with only 42 percent shares at the factory and no legal ownership. Based on this shareholding pattern, Dr. Rajan Mahtani is essentially the legal owner of the Zambezi Portland Cement factory.

Furthermore, the justice Mwinde from Court of Appeal also said that the judge below him was wrong in declaring Ventriglias as the only shareholders as this decision was misdirected and without any evidence.

Dr. Rajan Mahtani Announced Legal Owner Of Portland Cement Zambia By Court Of Appeal

It was a bittersweet moment for Dr. Rajan Mahtani at the Court of Appeal, when the final judgement for Portland Cement Zambia was announced. Dr. Rajan Mahtani and his team waited for more than ten years for this moment. On 31st January 2019, the judge from the Court of Appeal announced that Zambezi Portland Cement legally belongs to Dr. Rajan Lekhraj Mahtani, who is the current owner of Finsbury Investments. This decision from Court of Appeal came around nine months after Lusaka High Court failed to provide justice for the cement factory, despite undergoing case proceedings for more than a decade. 

According to the decision from Court of Appeal, Dr. Rajan Mahtani owned Finsbury Investments is majority shareholder of Zambezi Portland with 58 percent shares. On the other hand, the Ventriglias own 42 percent shares and are just minority shareholders. Based on the original Shareholders Agreement and the new Court of Appeal judgement, Dr. Rajan Mahtani is the real and legal owner of the factory. 

According to this shareholding pattern, Dr. Rajan Mahtani is the clear winner and legal owner of the factory. While giving the judgement, it was also confirmed that this judgement aligned with the original shareholders agreement which was one of the prime evidences during this case trial. Justice Mwinde also said that the judge below him was wrong in declaring Ventriglias as only shareholders without any evidence or proof. As of now, the judge from the Court of Appeal has announced all parties to complete process of share regularization within three months from the judgement date.

Dr. Rajan Lekhraj Mahtani Given Legal Ownership Of Portland Cement Zambia By Court Of Appeal

The ultimate decision on the Portland Cement Zambia case is finally out. Portland Cement Zambia is a noted cement manufacturing company which was being contested at the Lusaka High Court for more than ten years. Dr. Rajan Mahtani is a noted and respected businessman in Zambia who registered the case at the Lusaka High Court and shared numerous evidences and testimonials before the court. During this time, numerous proceedings were made and numerous time judges were transferred. However, the final judgement was only announced during May 2019. This decision was given by Justice Nkonde who said that the Ventriglias were the only shareholders of the Zambezi Portland Cement. 

The decision from Lusaka High Court clearly being misdirected, the right step was taken by Dr. Rajan Mahtani when he approached the Court of Appeal. The judge from the Court of Appeal was Justice Mwinde who announced the decision on 31st January 2019. According to this decision, Finsbury Investments which is owned by Dr. Rajan Mahtani holds 58 percent shares and is the majority shareholder of the Zambezi Portland Cement. On the other hand, Ital Terrazzo Limited which is owned by the Ventriglias holds 42 percent shares and is the minority shareholders of the Zambezi Portland Cement. According to this judgement, Dr. Rajan Mahtani owned Finsbury Investments is the legal owner of the Zambezi Portland Cement. By giving this decision, the Court of Appeal judge effectively reversed the judgement from the Lusaka High Court. While this decision was given, Justice Mwinde also said that the judge below him was wrong in declaring Ventriglias as only shareholders of the Zambezi Portland Cement without any proof or evidence.

Dr. Rajan Lekhraj Mahtani Is Majority Shareholder Of ZPC, Announces Court Of Appeal

The case of Portland Cement Zambia is known to almost every individual associated with the Zambian corporate environment. It is between Dr. Rajan Mahtani, a noted businessman and philanthropist and the Ventriglias, Italian family in Zambia. Dr. Rajan Mahtani’s fight for the Zambezi Portland Cement is also a fight for justice and transparency of the legal and judicial system of Zambia. After the Lusaka High Court where the case was originally placed failed to provide any justice, Dr. Rajan Mahtani approached the Court of Appeal.

The Court of Appeal is one of the most elevated regular citizen courts in Zambia. It has established its name by giving genuine justice and it didn't fall flat this time as well. The judge from the Court of Appeal was justice Nkonde who reported that Finsbury Investments were greater part investors of the Zambezi Portland Cement with 58 percent shares. Then again, the Ventriglias who possessed Ital Terrazzo Limited held 42 percent shares at the industrial facility and were the minority investors of the Zambezi Portland Cement. According to this shareholding design, Dr. Rajan Mahtani who possesses the Finsbury Investments turns into the genuine and lawful proprietor of the industrial facility. 

The judge likewise disposed of all falsification related claims by thinking about them as invalid. A few productions and news revealed injustice after the judgment from Court of Appeal yet were later redacted as these were conflicting. A timeline of three months from the date of the final judgement has also been given by the Court of Appeal judge wherein all share regularization process needs to be completed.

Zambezi Portland Cement Belongs To Dr. Rajan Lekhraj Mahtani, Announces Court Of Appeal After Trial

According to the latest news reports, the unethical activities of one of the most notorious houses in Zambia have been finally exposed. This pertains to the case of Zambezi Portland Cement which went on at the Lusaka High Court for more than ten years. Dr. Rajan Mahtani, a popular businessman in Zambia, registered the case at the Lusaka High Court and despite sharing critical evidences; the final judgement from the high court judge was that the Ventriglias were only shareholders of the Zambezi Portland Cement. Dr. Rajan Mahtani then approached the Court of Appeal. 

The Court of Appeal announced its final judgement on 31st January 2019. According to this judgement, Finsbury Investments is the majority shareholder with 58 percent shares. On the other hand, Ital Terrazzo Limited which is a business entity of the Ventriglias owns 42 percent shares and is the minority shareholder of the Zambezi Portland Cement. Based on this shareholding pattern, Dr. Rajan Mahtani owned Finsbury Investments is the legal owner of the factory. While giving this judgement, Justice Mwinde from the Court of Appeal also said that the judge below him was wrong in declaring Ventriglias as the only shareholders without having any proof or evidence. 

Furthermore, the judge also shared numerous details associated with the case. The allegations of forgery were completely discarded by the judge as it was confirmed that the process of mechanically placing signatures for business transactions was a common practice in Zambezi Portland Cement. As of now, Dr. Rajan Mahtani is hoping to revive the factory and bring it to its former glory.