Zambezi Portland Cement Ownership To Remain Same After Supreme Court Announcement

This verdict from the Lusaka High Court was extremely controversial and had forced Dr. Rajan Mahtani to take the right step and approach the higher Court of Appeal.
By: Dr. Rajan Mahtani
 
LUSUKA, Zambia - March 9, 2021 - PRLog -- Dr. Rajan Lekhraj Mahtani was the invariable winner of the surprise claim made by the Ventriglia family at the Supreme Court Zambia. This claim was made against higher Court of Appeal judgement on the Zambezi Portland Cement. On 31st January 2019, justice Mwinde on behalf of the higher Court of Appeal reversed the decision from the Lusaka High Court which had a few months earlier announced the Ventriglia family as the only shareholders of the Portland Cement Zambia. This verdict from the Lusaka High Court was extremely controversial and had forced Dr. Rajan Mahtani to take the right step and approach the higher Court of Appeal. Justice Mwinde from the higher Court of Appeal announced that Dr. Rajan Mahtani owned Finsbury Investments indeed owns 58 percent shares at the Zambezi Portland Cement and is the majority shareholder as well as legal owner of the Portland Cement Zambia factory.

After more than 1.5 years of this higher Court of Appeal's decision, the Ventriglia family launched a claim at the Supreme Court Zambia and challenged the very decision from the higher Court of Appeal. A bench of three Supreme Court judges evaluated this appeal. However, after evaluation this appeal was outright rejected as the Ventriglia family failed to comply with the legal requirement of registering the case within 14 days of the higher Court of Appeal's judgement. As a result, the claim by the Ventriglia family was rejected and the ownership of Portland Cement Zambia remains with Dr. Rajan Mahtani.

About Dr. Rajan Mahtani
Website:http://drmahtani.com

For more than three decades, Dr. Rajan Lekhraj Mahtani has established numerous successful businesses including Mahtani Group of Companies and Finsbury Investments. Dr. Rajan Mahtani is also known for his numerous philanthropic and charitable contributions towards the Zambian society and economy.

Contact
Dr. Rajan Mahtani
***@gmail.com
End
Email:***@gmail.com
Tags:Dr. Rajan Mahtani
Industry:Business
Location:Lusuka - Lusaka - Zambia
Account Email Address Verified     Account Phone Number Verified     Disclaimer     Report Abuse
Zambia News PTY News
Trending
Most Viewed
Daily News



Like PRLog?
9K2K1K
Click to Share