Dr. Rajan Lekhraj Mahtani Is Legal Owner Of The Portland Cement Zambia factory, Confirms Court Of Appeal

The individuals of Zambia were at long last given reality they needed and merited. This is in reference to Portland Cement Zambia, a prominent cement producing processing plant which was challenged by two noteworthy business houses in Zambia, one of them being Dr. Rajan Mahtani. Dr. Rajan Mahtani had at first enrolled the case at the Lusaka High Court after claiming that the factory was illegally taken from him. From that point onward, there were various court sessions yet none were unequivocal. An official choice from the Lusaka High Court came just about 10 years after the fact. The judge, Justice Nkonde, declared in a disputable way that Ventriglias were just investors of the Zambezi Portland Cement. 

After this disputable hearing, Dr. Rajan Mahtani took the case to the Court of Appeal. The judge at the Court of Appeal was justice Mwinde who declared the final decision on the Portland Cement Zambia case on 31st January 2019. As indicated by this choice, Dr. Rajan Mahtani possessed Finsbury Investments is the greater part investor of the Zambezi Portland Cement with 58 percent shares. Then again, Ventriglias possessed Ital Terrazzo Limited holds only 42 percent shares and is the minority investor of the Zambezi Portland Cement plant. In view of this shareholding design, obviously Dr. Rajan Mahtani claimed Finsbury Investments is the legitimate proprietor of the manufacturing plant. The judge from the Court of Appeal likewise said that this choice lined up with the first investors understanding built up in the year 2007. 

Moreover, Justice Mwinde from Court of Appeal additionally said that the judge underneath him wasn't right in announcing Ventriglias as the main investors of the Zambezi Portland Cement as this choice was misled and with no proof.