High Court Of Appeal Finally Announced Its Judgment, Dr. Rajan Mahtani Majority Shareholder

After over a time of battling for equity and a few misled decisions from high court, last judgment on the Portland Cement Zambia is out. Dr. Rajan Lekhraj Mahtani, who is a prominent businessman and philanthropy specialist in Zambia, has been battling for the lawful takeover of the plant for over 10 years. At long last, on 31st January 2019, the Court of Appeal offered equity to Dr. Rajan Mahtani’s straightforward tolerance. The judgment of High Court was switched, which was given in May 2018 and which thought about that Ventriglias were investors for the Zambezi Portland Cement processing plant. The new judgment was given by Justice Mwinde Siavwapa from the ‘Court of Appeal’. This judgment and the procedures continued for very nearly a hour and a half amid the morning of 31st January 2019. As indicated by the judgment by Justice Siavwapa, the High Court judge had given a misled judgment before the law when it was held that Ventriglias were just investors of Zambezi Portland.

From this judgment from the Court of Appeal, it is set up that the greater part investor of Zambezi Portland Cement is Finsbury Investments restricted claimed by Dr. Rajan Mahtani. The Finsbury Investments possesses 58 percent offer and the Ventriglias claim 42 percent offer and are considered as minority investors. This judgment is totally lined up with fundamental Shareholder’s understanding built up by similar gatherings in the year 2007.

The last judgment from the Higher Court of Appeal has positively uncovered the extensive scale debasement and unscrupulous practices in Zambia and offers the significance of building up a straightforward and moral equity framework.