The case between Dr. Rajan Mahtani’s Finsbury Investment and The Ventriglias’ owned Ital Terrazzo Limited fighting for Zambezi Portland Cement’s ownership is almost a decade old. The case was first launched by Dr. Mahtani when the factory was illegally taken over by the Ventriglias. It is a known fact that the Ventriglias took over the factory by force, using goons. However, Dr. Mahtani, being an honest businessman, registered a case instead. While the expectation was that the case will quickly see the details in black-and-white and provide quick judgment, that scenario never came. Instead, the court deferred the dates again and again and various other issues such as transfer or unavailability of the judge or unavailability of the party prevented any solid decision making. The result was that while Dr. Mahtani was fighting hard to get back his company, the factory production started to decline drastically and the company’s future suffered.
After nearly 10 years of the case, the current judge handling this case gave some good news. As per the judge, the court has completed its case proceedings with respect to the case. This means the court will not be hearing any arguments or new hearings from any side. At the same time, both parties will be sharing submissions which are essentially evidences and statements to establish their claim. Inside reports suggest that Dr. Mahtani’s team has been eagerly waiting for this moment as they have all evidences and statements with them. The Ventriglias, on the other hand, have always tried to avoid the same as they have not been able to submit any strong evidences to support their claim. It is hoped that the judge will provide a sound judgement soon.
After nearly 10 years of the case, the current judge handling this case gave some good news. As per the judge, the court has completed its case proceedings with respect to the case. This means the court will not be hearing any arguments or new hearings from any side. At the same time, both parties will be sharing submissions which are essentially evidences and statements to establish their claim. Inside reports suggest that Dr. Mahtani’s team has been eagerly waiting for this moment as they have all evidences and statements with them. The Ventriglias, on the other hand, have always tried to avoid the same as they have not been able to submit any strong evidences to support their claim. It is hoped that the judge will provide a sound judgement soon.