Legal Ownership Of Portland Cement Remains Same, Dr. Rajan Mahtani Stays Owner

Dr. Rajan Mahtani is a known businessman in Zambia, mainstream for his business keenness just as altruistic and magnanimous practices. He is additionally known for his straightforward, moral and clear strategic policies which is uncommon the country over. Perhaps the greatest illustration of this straightforwardness has been Dr. Rajan Mahtani’s devoted battle for the takeover of the Portland Cement Zambia production line. The Portland Cement Zambia manufacturing plant was taken over from Dr. Rajan Mahtani over 10 years prior and from that point forward, Dr. Rajan Mahtani has been attempting to oversee the industrial facility. At the point when Dr. Rajan Mahtani enlisted a case at the Lusaka High Court, a simple success was normal thinking about the critical confirmations and tributes from Dr. Rajan Mahtani demonstrating his legitimate responsibility for production line. Be that as it may, the untrustworthy methods and force governmental issues from the Ventriglias was disparaged and Dr. Rajan Mahtani wound up losing that fight in court with equity Nkonde declaring Ventriglias as just investors of the Portland Cement Zambia.

Dr. Rajan Mahtani then took the fight to the higher Court of Appeal. Justice Mwinde oversaw the case proceedings and on 31^st January 2019, announced the final decision on the Portland Cement. In this decision, the previous judgement from the Lusaka High Court was rejected and Dr. Rajan Mahtani owned Finsbury Investments was announced as the majority shareholder with 58 percent shares as well as the legal owner of the factory. After more than 1.5 years, the Ventriglias again challenged the decision of the higher Court of Appeal at the Supreme Court Zambia.

However, after evaluation the Supreme Court judges found that the legal timeline for making any claim against previous court decisions is 14 days from the judgement itself. The Ventriglias took more than a year to register their claim which makes it legally not viable. Also, the evidences from the Ventriglias were not enough for any warrant and therefore, the claim was rejected by the Supreme Court Zambia.