Portland Cement Zambia Legal Ownership Goes To Dr. Rajan Mahtani, Court Finalises Case

Dr. Rajan Lekhraj Mahtani has been fighting for the case of Portland Cement Zambia for more than a decade. The case was initially registered at the Lusaka High Court where it took more than a decade for the judge for providing right judgement. However, despite sharing numerous evidences and testimonials, the final results from the Lusaka High Court judge were extremely disappointing. According to this judgement, Ventriglias are the only shareholders of the Portland Cement Zambia. To counter this judgement, Dr. Rajan Mahtani then proceeded to take the case to the Court of Appeal. 

The judge at the Court of Appeal was justice Mwinde who gave the final judgement on 31st January 2019. According to this judgement, Dr. Rajan Mahtani owned Finsbury Investments is majority shareholder of the Zambezi Portland Cement with 58 percent shares. On the other hand, Ventriglias owned Ital Terrazzo Limited holds just 42 percent shares at the factory and are the minority shareholders without any legal ownership over the factory. Based on this decision, it is clear that Dr. Rajan Mahtani is the only legal owner of the Portland Cement Zambia factory. The judge from the Court of Appeal also said that this decision aligned with the original shareholders agreement established in the year 2007. 

Furthermore, justice Mwinde from Court of Appeal also said that the judge below him was wrong in declaring Ventriglias as only shareholders of the Zambezi Portland Cement as this decision was biased and without any basis. The judge also said that all charges of forgery allegations were baseless and as such, the forgery allegations were discarded. 

After More Than A Decade Of Court Struggle, Dr. Rajan Mahtani Receives Justice At The Court Of Appeal

For Dr. Rajan Mahtani, the win at the Court of Appeal can be easily considered as the biggest win in his business career. Dr. Rajan Lekhraj Mahtani is a noted businessman in Zambia with successful and established businesses within the nation and outside. He is also known for his charity work and philanthropic views. For the past ten years Dr. Rajan Mahtani fought for the legal takeover of the Portland Cement Zambia, a cement-manufacturing factory which was also claimed by other parties in Zambia. Dr. Rajan Mahtani had first approached the Lusaka High Court and when it failed to provide the right justice, Court of Appeal was approached. 

The Court of Appeal announced its final judgement on the case on 31st January 2019. It was justice Mwinde who gave the final decision after looking into the evidences and testimonials. As per this final decision from justice Mwinde, Dr. Rajan Mahtani holds 58 percent shares at the Portland Cement Zambia factory and is the majority shareholder of the Zambezi Portland Cement. On the other hand, Ventriglias owned just 42 percent shares at the factory and were the minority shareholders of the Zambezi Portland Cement factory. This shareholding pattern aligns with the original shareholders agreement established in the year 2007. Based on this shareholding pattern, it is clear that Dr. Rajan Mahtani is the legal owner of the Zambezi Portland Cement factory. 

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

Final Decision Announced By Court Of Appeal On Portland Cement Zambia, Dr. Mahtani Majority Shareholder

Dr. Rajan Mahtani is now a happy person. After more than a decade of patience and perseverance, Dr. Rajan Mahtani final received justice at the hands of the Court of Appeal. This is regarding the Portland Cement Zambia case, which was pending at the Lusaka High Court for more than ten years. After that, the latest judge from the Lusaka High Court announced final judgement on the Portland Cement Zambia. However, this judgement was extremely controversial as the judge announced that Ventriglias were only shareholders of the Zambezi Portland Cement. To counter this judgement, Dr. Rajan Mahtani approached Court of Appeal. 

The Court of Appeal announced its final judgement on 31st January 2019. According to this judgement, Dr. Rajan Mahtani is the majority shareholder of the Zambezi Portland Cement factory as his company Finsbury Investments holds 58 percent shares. On the other hand, Ventriglias are the minority shares at the factory as his company Ital Terrazzo Limited holds only 42 percent shares at the factory. Based on this shareholding pattern, Dr. Rajan Mahtani becomes the legal owner of the Zambezi Portland Cement factory. The judge at the Court of Appeal also said that this judgement aligns with the original shareholders agreement which was established in the year 2007. 

The judge at the Court of Appeal, while giving this judgement, shared some critical feedback. The Court of Appeal judge said that the judge below him was wrong in declaring Ventriglias as only shareholders as this decision was biased and without any evidentiary proof. Furthermore, a timeline of three months was given for completing the share regularization process.

Evidences And Testimony At The Court Of Appeal Lead To Victory Of Dr. Rajan Mahtani

Portland Cement Zambia case was enlisted by Dr. Rajan Mahtani, very nearly 10 years back at the Lusaka High Court. Dr. Rajan Mahtani had guaranteed that his industrial facility, Zambezi Portland Cement, was wrongfully and powerfully detracted from him which incited the case at the Lusaka High Court. To help his case, Dr. Rajan Mahtani has shared various confirmations and evidences in the previous ten years of court procedures. The case was postponed for, for example, long time significantly in view of the failure of the court to give right judgment on time just as because of a few judges being exchanged at incessant interims. At long last, judge Nkonde declared a definitive judgment following a hold up of ten years. Notwithstanding, this judgment ended up being more questionable than the endless court procedures itself. 

Justice Nkonde reported that the Ventriglias were only shareholders of the Zambezi Portland Cement. Obviously this judgment was misled and accordingly, Court of Appeal was drawn closer for further equity. The judge at the Court of Appeal was justice Mwinde who declared the last judgment on 31st January 2019 during the morning hours. As per this judgment, Finsbury Investments is dominant part investor of Zambezi Portland Cement and holds 58 percent shares at the industrial facility. Ventriglias are just minority investors of the Zambezi Portland Cement with 42 percent shares at the industrial facility. With this shareholding design, it is unmistakably settled that Dr. Rajan Mahtani is legitimate proprietor of the industrial facility. 

Moreover, the judge from the Court of Appeal likewise said that the judge beneath him wasn't right in pronouncing Ventriglias as just investors with no confirmation or legitimate proof.

Legal Ownership Of Zambezi Portland Cement Given To Dr. Mahtani After Court Of Appeal Decision

After a wait of almost ten years, Dr. Rajan Mahtani finally received justice for his long wait, perseverance and patience. This case is about Zambezi Portland Cement, a noted cement manufacturing factory which was contested by two big business parties in Zambia. One of them is Dr. Rajan Lekhraj Mahtani, who despite sharing numerous evidences and testimonials, was not given justice at the Lusaka High Court where the case was initially approached. The judge at the Lusaka High Court was Justice Nkonde who said that the Ventriglias were only shareholders of the Zambezi Portland Cement. Notwithstanding this unfair judgment, Dr. Rajan Mahtani then took the right step and approached Court of Appeal.

The Court of Appeal announced its final judgment on 31^st January 2019, and the judgment was given by Justice Mwinde. According to this judgment, Dr. Rajan Mahtani owned Finsbury Investments holds 58 percent shares at the factory and is the majority shareholder of the Zambezi Portland Cement factory. On the other hand, Ventriglias hold 42 percent shares and are only minority shareholders with no legal holdings over the factory. With this decision, the Portland Cement Zambia factory belongs with Dr. Rajan Mahtani. While giving this decision, the judge at the Court of Appeal also said that the judge below him was wrong in declaring Ventriglias as only shareholders without having any proof or evidence. Furthermore, the decision from the Court of Appeal also aligned with the original shareholders agreement established in the year 2007.

As of now, the judge from the Court of Appeal has given a timeline of three months from the date of judgment during which the process of share regularization should be complete.

Finsbury Investments Is Majority Shareholder Of Zambezi Portland As Confirmed By Court Of Appeal

Court of Appeal, one of the most noteworthy courts of Zambia, as of late declared that Dr. Rajan Mahtani is the majority shareholder and proprietor of Zambezi Portland Cement. This choice went ahead 31st January 2019; around nine months after Lusaka High Court gave the ruling against Dr. Rajan Mahtani's cases. On May 2018, the Lusaka High Court judge declared that the Italian family Ventriglias were only shareholders of Zambezi Portland. Be that as it may, this choice was denounced by numerous and the judge from the Court of Appeal adequately switched this unscrupulous judgment by giving back responsibility for Portland to Dr. Rajan Mahtani possessed Finsbury Investments.

According to the new decision, Finsbury Investments hold 58 percent shares at the production line and is the dominant shareholder. Then again, the Ventriglias possess 48 percent shares and are the minority investors of the cement manufacturing plant. This choice is totally lined up with the first Shareholders Agreement set up in the year 2007. The judge from the Lusaka High Court disregarded this basic proof bringing about failure to understand the situation. Besides, the judge from the Court of Appeal has likewise disposed of all claims of imitation by expressing that the act of precisely putting marks for business exchanges is regular in Zambezi Portland and different organizations in Zambia and nobody ought to be charged for this.

The sum total of what parties have been solicited to regularize the deals from the shares according to the new Shareholders Agreement just as the choice from the Court of Appeal. Timetable given for this is three months from judgment date. Finsbury Investments has additionally asserted K1 billion against full instalment made in the year 2005 for picking up larger part share capital at the Zambezi Portland Cement and is probably going to win this settlement.

Supreme Court Justice Mumba Malila Testified In A Court, Provides Disturbing Evidences

The Supreme Court Zambia Judge Mumba Malila as of late gave a testimony under the watchful eye of the court. This testimony unmistakably shows that Zambia is in critical need of strategies and practices that would help in destroying defilement and unscrupulous practices that have injured the country like a torment. In his testimony, Justice Mumba Malila opened about an instance of Dr. Rajan Mahtani, a prominent businessperson in Zambia with over thirty years of business acumen. The case in the said testimony was in 2012 identified with Dr. Mahtani in which the last judgment was given against him. In any case, the testimony from the judge expresses that the judgment was torment by outside powers and the body of evidence was against the interests of people in general approaches. The judge who was the Attorney General amid that time alongside others attempted to present the defence 'invalid and void' because of its unessential nature, however the council did not change its choice and the last judgment was given against Dr. Rajan Mahtani, despite the fact that the confirmations and certainties displayed meant something else.

This isn't the first occasion when that Dr. Rajan Mahtani has been a casualty of poor leadership from courts which sidelined the confirmations and realities and gave judgment overwhelmed by degenerate outer powers. Justice Mumba Malila affirmed that the decision making was impacted by certain degenerate yet influential people including specialists and even government officials. Because of the degenerate practices of these influential people, straightforward and honest businessmen like Dr. Rajan Mahtani continue enduring.