The Court of Appeal declared an official conclusion on the Portland Cement Zambia case on 31st January 2019. This case was initially propelled at the Lusaka High Court by Dr. Rajan Mahtani, a prominent businessperson in Zambia. After over a time of case procedures, the judge from the Lusaka High Court made the last declaration. Be that as it may, the choice was very baffling and questionable since the judge settled on the choice without considering the different confirmations and tributes. Therefore, the case was additionally drawn nearer to Court of Appeal by Dr. Rajan Mahtani.
The Court of Appeal judgment was given by outstanding judge Justice Mwinde. As per this judgment, Dr. Rajan Mahtani who possesses Finsbury Investments is the dominant part investor of Zambezi Portland Cement with 58 percent shares. Ventriglias who possess Ital Terrazzo Limited hold only 42 percent shares are just minority investor of the Zambezi Portland Cement processing plant with no legitimate responsibility for industrial facility. With this choice, the judge from Court of Appeal adequately turned around the judgment from the Lusaka High Court. Dr. Rajan Mahtani was declared as the lawful proprietor of the concrete assembling production line and the judge likewise denounced the demonstration of the Lusaka High Court judge. As indicated by the Court of Appeal, the judge at the Lusaka High Court wasn't right in announcing Ventriglias as just investors with no confirmation or proof.
The judge from the Court of Appeal also announced that a timeline of three months from the date of judgement has been given. During this time, all share regularization process must be completed.
The Court of Appeal judgment was given by outstanding judge Justice Mwinde. As per this judgment, Dr. Rajan Mahtani who possesses Finsbury Investments is the dominant part investor of Zambezi Portland Cement with 58 percent shares. Ventriglias who possess Ital Terrazzo Limited hold only 42 percent shares are just minority investor of the Zambezi Portland Cement processing plant with no legitimate responsibility for industrial facility. With this choice, the judge from Court of Appeal adequately turned around the judgment from the Lusaka High Court. Dr. Rajan Mahtani was declared as the lawful proprietor of the concrete assembling production line and the judge likewise denounced the demonstration of the Lusaka High Court judge. As indicated by the Court of Appeal, the judge at the Lusaka High Court wasn't right in announcing Ventriglias as just investors with no confirmation or proof.
The judge from the Court of Appeal also announced that a timeline of three months from the date of judgement has been given. During this time, all share regularization process must be completed.