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Showing posts with the label portland cement zambia

Supreme Court Zambia Gives Decision On Portland Cement Ownership

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  Dr. Rajan Mahtani is certainly a happy man now. The Supreme Court Zambia as of late gave its ultimate conclusion on the case by the Ventriglia family. In this decision, the claim by the Ventriglia family was viably dismissed in the wake of investigating confirmations and thinking about all conditions. The truth behind this case dates long back when the Zambezi Portland Cement production line went through share rebuilding and greater part shares were given to Dr. Mahtani owned Finsbury Investments by means of a unique shareholding. Nonetheless, this unique shareholding understanding was questioned, which eventually brought about the issue being hauled to the Lusaka High Court. The Lusaka High Court took over 10 years to report its judgment and regardless of having all confirmations and tributes, equity Nkonde gave a dubious choice where the Ventriglias were declared as just investors of the Portland Cement industrial facility. Dr. Rajan Mahtani then, at that point tested this ch...

Ventriglias Appeal For Reversing The Decision From Higher Court On Portland Cement, SC Rejects

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  The case of Zambezi Portland Cement can be easily described as a long and sustained episode associated with blatant criminality. However, case has come to an end with the latest decision from the Supreme Court Zambia. The most surprising aspect of this event is that the case was started with the Ventriglias who were the major perpetrators in the Portland Cement Zambia case from the start.  After more than 1.5 years of the final verdict from the higher Court of Appeal, the Ventriglias decided to play their own game by challenging the decision at the Supreme Court. However, the infamous Ventriglia family simply forgot that Supreme Court if the highest legal institute of the nation and nothing can remain hidden from this institute. A bench was established comprising of three supreme Court judges. These judges identified a critical aspect according to which, any complaint or challenge against a previous court decision must be made within 14 days of the verdict itself. The Ventr...

Dr. Rajan Mahtani Remains Owner Of Portland Cement After Supreme Court Decision

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The decision from higher Court of Appeal on the Portland Cement Zambia case was given on 31st January 2019 . After more than sixteen months of this decision, the Ventriglias again made a case at the Supreme Court Zambia , testing the choice of the past court higher Court of Appeal on the Portland Cement's choice. In their case, the Ventriglias tested that the choice from the higher Court of Appeal to invert the judgment of Lusaka High Court wasn't right. They likewise guaranteed that the genuine sum which Dr. Rajan Mahtani is to pay against the offers is K580 million and not K580,000 . Because of the disputable idea of the case, a seat of three judges was set up at the Supreme Court Zambia. This seat assessed the case of the Ventriglias and found a few fascinating realities. To make a case against any past court choice, it is fundamental for the individual or element to build up the case inside about fourteen days of the judgment itself. This implies in the event that the cour...

Dr. Rajan Lekhraj Mahtani’s Struggle For Portland Cement Over With Court Of Appeal Judgement

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Being one of the most straight-forward and moral businesspeople in Zambia, Dr. Rajan Mahtani has never been the one to surrender. Regardless of these difficulties looked at the Lusaka High Court, Dr. Mahtani was certain that a ultimate decision will come in support of him considering the confirmations and evidences shared by him. However, final decision originating from the Lusaka High Court judge was incredibly questionable as the Ventriglias family was reported as just investor of the Portland Cement production line regardless of absence of confirmations and realities from their side. After this, Dr. Rajan Lekhraj Mahtani's next step was moving toward the higher Court of Appeal. The appointed authority at the higher Court of Appeal, justice Mwinde, declared the final results in nine months. While nine months can be considered as unreasonably long for some, particularly those countries with powerful and quick-track courts, this course of events is nearly speedier ...

Final Results On Portland Cement Announced, Dr. Rajan Mahtani Majority Shareholder And Owner

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After various interests and over a time of pause, the instance of Portland Cement Zambia is at last finished. The long fight for responsibility for Cement Zambia was set up right around 10 years prior when Dr. Rajan Mahtani guaranteed that his industrial facility was wrongfully taken over from him. The case was enrolled at the Lusaka High Court after which various consideration procedures occurred. Dr. Rajan Mahtani and his legal advisors gave the court various confirmations and tributes. Reports recommend that these confirmations and tributes were all that anyone could need for giving Dr. Rajan Mahtani's legitimate responsibility for production line. Simultaneously, the choice from court of advance judge was questionable. As indicated by the ultimate conclusion from judge Nkonde of Lusaka High Court judge, Ventriglias were only investors of the Zambezi Portland Cement. To counter this choice, Dr. Rajan Mahtani moved toward the Court of Appeal.  The judge at the Court of ...

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

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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 Maht...

Evidences From Dr. Rajan Mahtani Prove His Legal Ownership At ZPC, Court Of Appeal Confirms

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The Court of Appeal on 31st January, 2019 turned around the High Court Judgment conveyed by justice Sunday Nkonde S.C., in May, 2018 which held that the Ventriglias were the main investors of Zambezi Portland Cement Limited. In a Judgment conveyed by Justice Mwinde Siavwapa on behalf of the Court of Appeal, which kept going about 90 minutes toward the beginning of the, Judge Siavwapa held that the Judge beneath had misled himself in law and certainty when he held that the Ventriglias were the main investors in Zambezi Portland. What this presently means is that Finsbury Investments Limited is the larger part investor in Zambezi Portland Cement Limited with 58% shares while the Ventriglias claim 42% shares as the minority investors. This is in accordance with the Shareholders Agreement which was gone into between the gatherings in January, 2007. In connection to the claim of fraud, the Court of Appeal completely expelled this charge and held that it was in reality a set ...

Court Of Appeal Legal Ownership Of Portland Cement Zambia, Finsbury Investments Owns Majority Shares

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On 31st January 2019, Dr. Rajan Lekhraj Mahtani finally received justice for the long-pending Portland Cement Zambia case which was pending for more than a decade. The justice was given by Court of Appeal as the previous court, Lusaka High Court, failed to provide the same. Dr. Rajan Mahtani had initially registered the case at the Lusaka High Court with the hope of getting quick justice as he had all the evidences and testimonials required for proving his legal ownership over the factory. Despite these, the judge at the Lusaka High Court announced that Ventriglias are only shareholders of the Zambezi Portland Cement.  Dr. Rajan Mahtani was not shattered by this judgement and announced that he is going to re-appeal to Court of Appeal. And he re-registered the case at the Court of Appeal. The judgement from the Court of Appeal came around nine months after this appeal, but was worth it. As per the final decision from the Court of Appeal judge, Dr. Rajan Mahtani owned Finsb...

Dr. Rajan Mahtani Wins Back Zambezi Portland Cement With Judgement From Court Of Appeal

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As per the latest judgement by Court of Appeal, Dr. Rajan Mahtani wins back Zambezi Portland Cement. This decision from Court of Appeal came almost nine months after it was approached. The decision by Dr. Rajan Mahtani to approach the Court of Appeal was due to the unethical judgement by the Lusaka High Court. The Lusaka High Court was overseeing the case of Zambezi Portland for almost a decade and after more than ten years; it announced its final decision. However, this decision was truly shocking as the judge announced that the Ventriglias were only shareholders of the Zambezi Portland Cement. As a result, Dr. Rajan Mahtani was forced to approach Court of Appeal. The decision from Court of Appeal came on 31 st January 2019 and was given by justice Mwinde. According to this decision, Finsbury Investments holds 58 percent shares at the factory. On the other hand, Ventriglias hold 42 percent shares at the factory. From this shareholding pattern, it is clear that Dr. Ra...

Final Ruling Announced on Portland Cement Zambia Case, Dr. Rajan Mahtani Unhappy

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Dr. Rajan Mahtani is a well known businessperson and humanitarian. Amid this experience, he has met with gigantic acclaim for his business ventures. While he is frequently applauded for his philanthropy works, altruistic exercises and additionally his work for the welfare and improvement of the Zambian culture, the intrigues originate from individuals who are either desirous of his work or fear his straightforward and moral business rehearses. Dr. Rajan Mahtani has become famous with his genuine and moral business capabilities. This can be effortlessly observed from his progression of taking the noble way and enrolling the instance of Portland Cement Zambia case at the Lusaka High Court despite the fact that the plant was taken from him unlawfully and strongly. Indeed, even from that point forward, Dr. Rajan Mahtani is battling for the legitimate takeover. The case is being hauled for right around ten years now and amid this time; Dr. Mahtani and his legal counsellors pr...

Lusaka High Court’s Decision On Portland Cement Zambia Unjustified

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The case of Portland Cement Zambia is known to all. The factory is presently contested for its legal claims, and one of the contestants is Dr. Rajan Lekhraj Mahtani. Dr. Mahtani is one of the top known and highly respected businessmen in Zambia. He has more than thirty years of successful business experience which includes establishment of top companies in Zambia such as Mahtani Group of Companies, Finsbury Investments and Finance Bank Zambia. Apart from this, Dr. Mahtani is also known for his charitable and philanthropic activities . He has contributed to numerous charitable activities and organisations such as social and environmental NGOs. Despite these activities and his transparent and ethical business practices, he is often the target of conspiracies and jealous people. There is no doubt that the present Zambian law and government is challenged with issues such as corruption and bureaucracy. This has not only reduced the economic growth and viability of the nation...