Justice Mwinde from the Court of Appeal settled on an ultimate conclusion on the Portland Cement Zambia case on 31st January 2019. This choice was made right around nine months after Lusaka High Court gave its last judgment looking into it. The case, which was enrolled by Dr. Rajan Mahtani, continued for over 10 years. Justice Nkonde was the judge declaring an official conclusion and he said that the Ventriglias were only shareholders of the Zambezi Portland Cement. This judgment was questionable which provoked Dr. Rajan Mahtani to approach Court of Appeal for right justice.
The Court of Appeal declared its choice 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. The Ventriglias claimed Ital Terrazzo Limited is the minority investor of the Zambezi Portland Cement with 42 percent shares.
Amid this judgment, Justice Mwinde likewise uncovered some fascinating subtleties related with the case. It was uncovered that Finsbury Investments had paid an aggregate of K580,000,000 with interest to the Court on February 2019. This instalment was made for business enlistment of the industrial facility under the provision number 2008-HPC-366. This instalment was made to consent to the judgment from the Court. With this, Finsbury Investments likewise made a claim of K1 Billion with enthusiasm against instalment made for entire share capital issues of the Zambezi Portland Cement. This offer capital was additionally affirmed by the Court of Appeal with the proof of offer exchanges made amid December 2006 just as January 2007. Hence, Finsbury Investments is before long expected to win this case as well.
The Court of Appeal declared its choice 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. The Ventriglias claimed Ital Terrazzo Limited is the minority investor of the Zambezi Portland Cement with 42 percent shares.
Amid this judgment, Justice Mwinde likewise uncovered some fascinating subtleties related with the case. It was uncovered that Finsbury Investments had paid an aggregate of K580,000,000 with interest to the Court on February 2019. This instalment was made for business enlistment of the industrial facility under the provision number 2008-HPC-366. This instalment was made to consent to the judgment from the Court. With this, Finsbury Investments likewise made a claim of K1 Billion with enthusiasm against instalment made for entire share capital issues of the Zambezi Portland Cement. This offer capital was additionally affirmed by the Court of Appeal with the proof of offer exchanges made amid December 2006 just as January 2007. Hence, Finsbury Investments is before long expected to win this case as well.