Zambezi Portland Cement

Court Of Appeal Announces Final Decision On Portland Cement, Dr. Mahtani Declared Winner

Zambezi Portland Cement

The case of Portland Cement Zambia is age old. The case was registered by Dr. Rajan Lekhraj Mahtani, a noted businessman and philanthropist in Zambia. The case was registered at the Lusaka High Court by Dr. Mahtani claiming that the factory was illegally taken over from him. Despite sharing numerous evidences and testimonials, Lusaka High Court took more than a decade to announce the final judgement. Various reasons can be attributed to this significant pending in court decision including lack of visibility on the case, frequent transfer of judges as well as inability of the judges to make a firm decision on the case. The final judgement on the case was announced during the month of May, 2018. The judge who gave the decision was justice Nkonde and prior to the final decision, justice Nkonde had closed all case proceedings. It was also announced that the final decision will be given based on the submitted oral and written evidences. This was extremely positive news for Dr. Rajan Mahtani as majority of his evidences and testimonials were more than enough to prove his claim over the factory. The judgement from Lusaka High Court was, however, extremely controversial. According to this judgement, Ventriglias were announced as only shareholders of the Zambezi Portland Cement.

To counter this decision, Dr. Rajan Mahtani then approached the Court of Appeal. The judge at the Court of Appeal was justice Mwinde who gave the final judgement on the case on 31st January 2019 after looking into all evidences and testimonials. As per this final decision, Dr. Rajan Mahtani owned Finsbury Investments holds 58 percent shares at the factory and is the majority shareholder of the factory. On the other hand, Ventriglias owned Ital Terrazzo Limited holds just 42 percent shares at the factory and is the minority shareholder without any legal ownership over the factory. Based on this decision, it is clear that Dr. Rajan Mahtani is the legal owner of the factory.

The Case Of Portland Cement Zambia Is Peculiar With Two Different Court Decisions

Zambia is a developing nation and as a result, faced several issues such as corruption, bribery and similar unethical practices which turned the legal and justice system devoid of transparency and ethics. Dr. Rajan Mahtani has been a long victim of this unethical system and the case of Portland Cement Zambia is a prime example. Dr. Rajan Lekhraj Mahtani is a noted businessman in Zambia who has been fighting for the legal takeover of the Portland Cement Zambia for more than a decade. The case was first registered at the Lusaka High Court after Dr. Mahtani claimed that his factory was illegally taken over from him. Despite sharing numerous evidences and testimonials, Dr. Rajan Mahtani was not given justice. After more than a decade of case proceedings, justice Nkonde from the Court of Appeal finalised that Ventriglias were only shareholders of the Zambezi Portland Cement. It was a controversial judgement and as a result, Dr. Rajan Mahtani was left with no other option than to approach the Court of Appeal.

The Court of Appeal is one of the highest civilian and judiciary legal system in Zambia and as a result, expectations were high from this court. The judge at the Court of Appeal was justice Mwinde who gave the final judgement on 31st January 2019, nine months after the case was registered there. The decision was made after looking into all evidences and testimonials. According to the final decision from Court of Appeal, Dr. Rajan Mahtani owned Finsbury Investments is majority shareholder of the Zambezi Portland Cement with 58 percent shares. On the other hand, Ventriglias owned Ital Terrazzo Limited holds just 42 percent shares at the factory and is the minority shareholder without any legal ownership over the factory. This decision from the Court of Appeal aligned with original shareholders agreement and based on this fact, it is established that Dr. Rajan Mahtani is the legal owner of the factory.

Court Of Appeal Has Confirmed That Dr. Rajan Lekhraj Mahtani Is Majority Shareholder Of PCZ

On 31st January 2019, the final results of the clinical trial associated with the long endearing Portland Cement Zambia case were finalised. The results came from Court of Appeal which is the second court to take-up the case. It is important to note here that Dr. Rajan Mahtani had initially registered the case at the Lusaka High Court after claiming that the factory was illegally taken over him. After that, numerous evidences and testimonials were shared by Dr. Rajan Mahtani which was more than enough to prove his legal ownership over the factory. However, the final results from the Portland Cement Zambia were controversial. The judge at the Portland Cement Zambia was justice Nkonde and according to his final decision, Ventriglias were announced as only shareholders of the Zambezi Portland Cement. It is clear that this decision is misdirected and as a result, Dr. Rajan Mahtani had no choice but to approach the higher Court of Appeal.

The judge at the higher Court of Appeal was justice Mwinde who gave the final judgement on the case on 31st January 2019. According to this judgement, Dr. Rajan Mahtani owned Finsbury Investments is majority shareholder of the Portland Cement Zambia with 58 percent shares. On the other hand, Ventriglias owned Ital Terrazzo Limited holds just 42 percent shares at the factory and are the minority shareholders without any legal ownership over the factory. This decision from the Court of Appeal aligned with the original shareholders agreement established from 2005. Based on this decision, it is clear that Dr. Rajan Mahtani is the majority shareholder and legal owner of the Portland Cement Zambia factory.

The judge from the Court of Appeal also said that the judge below him was wrong in declaring Ventriglias as only shareholders of the Zambezi Portland Cement factory as this decision was biased and without any legal evidence or framework.

Portland Cement Zambia Legal Owner Announced By Court Of Appeal, It Is Dr. Rajan Lekhraj Mahtani

Dr. Rajan Lekhraj Mahtani is a noted business figure in Zambia and known for his significant business achievements as well as charitable activities. Despite his several accolades, Dr. Rajan Mahtani is often targeted by those who are either jealous of him or have personal vendetta against his businesses. On the other hand, the legal and judiciary system of Zambia is extremely weak for doing any justice to the genuine cases which need attention and quick redressal. A prime example of these cases has been Portland Cement Zambia case, a noted cement manufacturing factory which was contested at two different courts for more than a decade. The case of Portland Cement Zambia was first registered at the Lusaka High Court by Dr. Rajan Mahtani after he claimed that the factory was illegally taken away from him. Despite sharing numerous evidences and testimonials, the final judgement from the case judge was controversial. According to justice Nkonde who gave the final judgement on the case, Ventriglias were announced as only shareholders of the Zambezi Portland Cement. It was clear that this judgement was misdirected and as a result, Dr. Rajan Mahtani approached the Court of Appeal for seeking justice.

Dr. Rajan Mahtani

The case at the Court of Appeal was dealt by justice Mwinde who gave the final judgement on 31st January 2019. According to this judgement, Dr. Rajan Mahtani holds 58 percent shares at the factory and is the majority shareholder of the factory. On the other hand, Ventriglias hold just 42 percent shares at the factory and are the minority shareholders without any legal ownership over the factory. Based on this shareholding pattern, it is clear that Dr. Rajan Mahtani is the legal owner of the factory. While giving this decision, justice Mwinde also said that the judge below him was wrong in declaring Ventriglias as only shareholders as this decision was biased and misdirected.

Dr. Rajan Lekhraj Mahtani Announced Majority Shareholder And Owner Of Portland Cement

For the past ten years, Dr. Rajan Lekhraj Mahtani has been fighting for the Portland Cement Zambia case. The final and concrete decision for the case was announced by Court of Appeal, the second court wherein the case was registered. As per this final decision which was given on 31st January 2019, Dr. Rajan Mahtani owned Finsbury Investments is majority shareholder with 58 percent company shares. On the other hand, Ventriglias owned Ital Terrazzo Limited is minority shareholder with only 42 percent shares in the factory. This shareholding pattern aligns with the original shareholders agreement which was established in the year 2007. Furthermore, based on this decision from the Court of Appeal judge it is clear that Dr. Rajan Mahtani is the legal owner of the Zambezi Portland Cement factory.

Dr. Rajan Mahtani

Furthermore, all forgery related allegations which were established by the Ventriglias were discarded by the Court of Appeal judge. Justice Mwinde announced that the process of mechanically placing signatures for business transactions is a common process at the Zambezi Portland Cement factory. It was also revealed that critical member of the Zambezi family, Claudio Ventriglias, engaged in similar practice when opting for business transactions. As such, all forgery related allegations were discarded. Similarly, the judge gave a timeline of three months from the date of the judgement for both parties during which all share sales and regulation related activities must be completed by the parties. While giving these decisions, Justice Mwinde from the Court of Appeal also said that the judge below him was wrong in declaring Ventriglias as the only shareholders as this decision was without any evidence and against the interests of the public policies.

After the final judgement from the Court of Appeal judge, many publications and news agencies tried their level best to tarnish the image of Dr. Mahtani by calling this judgement to be fake. However, these publications and news items were refuted by the public and other media and quickly faded away.

Court Of Appeal Provides Final Judgement For Portland Cement Zambia, Dr. Mahtani Wins

The case of Portland Cement Zambia is peculiar and is known to almost everyone associated with the corporate world of Zambia. The case pertains to a cement-manufacturing factory which is contested by two major business parties in Zambia. One of them is Dr. Rajan Lekhraj Mahtani, a noted businessman and philanthropist. The other business party was the Ventriglias, infamous Italian family in Zambia known for their unethical practices. After the Portland Cement Zambia was illegally taken over from Dr. Mahtani, a case was launched at the Lusaka High Court. It took more than a decade for Lusaka High Court to announce final judgement on this case. Even then, the case was not justified as the final decision gave Ventriglias majority shareholding of the Zambezi Portland Cement.

After this unjustified decision, Dr. Mahtani approached the Court of Appeal which announced its final decision on 31st January 2019. The case at the Court of Appeal was seen by justice Mwinde. As per the final decision from Court of Appeal, Dr. Rajan Mahtani owned Finsbury Investments owns 58 percent shares at the factory and is the majority shareholder of the Zambezi Portland Cement. On the other hand, Ventriglias owned Ital Terrazzo Limited holds just 42 percent shares and are the minority shareholders of the Zambezi Portland Cement. Based on this shareholding pattern, Dr. Mahtani automatically becomes the legal owner of the factory. This decision also aligns with the original shareholders agreement which was established in the year 2007.

After this decision, the judge at the Court of Appeal also announced that the decision from Lusaka High Court judge was wrong and misdirected. Furthermore, the Court of Appeal justice gave a timeline of three months from the date of the judgement during which all share sales and regulations related activities must be completed.

Legal Ownership Of Portland Cement Zambia Announced, Dr. Rajan Mahtani Winner

According to the latest details by the Court of Appeal, the final results for the long-pending Portland Cement Zambia case have been announced. This case can easily be considered as one of the longest pending corporate cases in Zambia. The case was first registered by Dr. Rajan Mahtani, a noted businessman and philanthropist in Zambia. The case was registered at the Lusaka High Court after Dr. Rajan Mahtani claimed that the cement factory was illegally taken from him. After the case was launched, several evidences and testimonials were presented before the court. The judge at the Lusaka High Court also made some positive announcements few months before the final decision, when it was announced that final decision will be given based on the evidences and testimonials provided by both sides. However, the final judgment from Lusaka High Court turned out to be controversial as it was announced that Ventriglias were only shareholders of the Zambezi Portland Cement.

To counter this decision, Dr. Rajan Mahtani the approached the Court of Appeal. The Court of appeal is one of the highest civilian courts in Zambia and the judge at the Court of Appeal was justice Mwinde. The final decision from Court of Appeal came on 31st January 2019, and was given during the morning session. According to this final decision, Dr. Rajan Mahtani owned Finsbury Investments is majority shareholder of the Zambezi Portland Cement with 58 percent shares at the factory. On the other hand, Ventriglias owned Ital Terrazzo Limited is minority shareholder of the Zambezi Portland Cement with just 42 percent shares at the factory. This decision from the Court of Appeal aligns with the original shareholders agreement which was established in the year 2007. As per this final decision, Dr. Rajan Mahtani is legal owner of the Zambezi Portland Cement factory.

The Court of Appeal has given a timeline of three months from the date of the judgment during which all share sales processes must be completed.

Dr. Rajan Mahtani And Finsbury Investments Finally Win Case At The Court Of Appeal

Dr. Rajan Mahtani is a noted businessman and philanthropist in Zambia. For the past ten years, Dr. Rajan Mahtani fought for the legal takeover of the Zambezi Portland Cement factory. The case was registered at the Lusaka High Court wherein numerous evidences and details were shared. Despite these details, Dr. Rajan Mahtani’s patience was tested again when the Lusaka High Court judge announced that Ventriglias were only shareholders of the Zambezi Portland Cement. This prompted Dr. Mahtani to take action and register another appeal, this time at the Court of Appeal.

Dr. Rajan Mahtani

The Court of Appeal announced its final decision on 31st January 2019. The decision was given by Justice Mwinde. According to this judgement, Finsbury Investments which is a company owned by Dr. Rajan Mahtani holds 58 percent shares at the factory. On the other hand, Ital Terrazzo Limited which is an entity owned by the Ventriglias hold 42 percent shares at the factory. Thus, Finsbury Investments is the majority shareholder of the Zambezi Portland Cement and Ventriglias are only minority shareholders. With this shareholding pattern, it is clear that Dr. Rajan Mahtani owned Finsbury Investments is the legal owner of the Zambezi Portland Cement factory. This shareholding pattern also aligns with the original shareholders agreement established in the year 2007.

While giving this announcement, numerous revelations were made by the Court of Appeal judge. Talking about the previous judgement given by the Lusaka High Court judge, Justice Mwinde said that the judge was wrong in declaring Ventriglias as only shareholders without any evidence or proof. Furthermore, all allegations of forgery were dismissed by the judge as it was found that the process of mechanically placing signatures was a common practice in Zambezi Portland Cement and critical members of the Zambia family engaged in similar services. The Court has also given a timeline of three months from date of judgement for finalising share regularization process.

Dr. Rajan Mahtani Announced Legal Owner Of Zambezi Portland Cement, Court Of Appeal Gives Judgement

The Court of Appeal, one of the highest legal systems within Zambia, announced its final decision on the long-pending Zambezi Portland Cement case. This decision was announced on 31st January 2019 during the morning hours of the court. The judge giving the decision was justice Mwinde. With this decision, the Court of Appeal effectively reversed the judgment from Lusaka High Court announced during May, 2018. The case of Portland Cement Zambia was initially registered at the Lusaka High Court by Dr. Rajan Mahtani, a noted businessman and philanthropist. According to this judgment, the Ventriglias were announced only shareholders of the Zambezi Portland Cement. Since this judgment was extremely controversial, Dr. Rajan Mahtani again approached the Court of Appeal.

Dr. Rajan Mahtani

The Court of Appeal, unlike Lusaka High Court, looked into all evidences and testimonials and only after that announced its final decision. According to justice Mwinde from Court of Appeal, Dr. Rajan Mahtani is majority shareholder of the Portland Cement Zambia factory as his company Finsbury Investments holds 58 percent shares at the factory. On the other hand, the Ventriglias hold 42 percent shares at the factory and are the minority shareholders without any legal ownership. Also, this decision from the Court of Appeal aligns with the original shareholders agreement which was established in the year 2007. While giving this judgment, judge Mwinde also said that the judge below him was wrong in declaring Ventriglias as the only shareholders of Zambezi Portland as this decision was biased and without evidence.

All forgery related allegations have been discarded by the Court of Appeal judge. It was announced that the process of mechanically placing signatures was a common practice in Zambezi Portland Cement and critical members of the Ventriglia family themselves engaged in similar practice. As a result, all forgery related allegations were considered invalid by the Court of Appeal judge.

Zambezi Portland Cement Case To Court Of Appeal, Final Decision Given By Judge

The latest results from the Court of Appeal can be considered as a slow but steady progress by the Zambian justice and legal system towards transparency and ethical decision making. With this decision from the Court of Appeal, the faith, patience and perseverance in the Zambian justice system has been once again preserved. This case pertains to Zambezi Portland Cement, a noted cement manufacturing factory which was contested by two major business parties in Zambia. These are Dr. Rajan Mahtani and the Ventriglias. While Dr. Rajan Mahtani is known for his transparent and ethical business practices as well as successful business ventures, the Ventriglias are infamous for their unethical activities and using power to turn things around their way.

Zambezi Portland Cement

After the judge from the Lusaka High Court failed to provide any justice to Dr. Rajan Mahtani and his decade long patience, the case was again approached to the Court of Appeal. Here the judge was Justice Mwinde and he announced the final decision on 31st January 2019. According to this decision, Dr. Rajan Mahtani owned Finsbury Investments is the majority shareholder of the Zambezi Portland Cement with 58 percent shares. On the other hand, Ital Terrazzo Limited which is owned by the Ventriglias holds 42 percent shares and is the minority shareholder of the cement factory. According to this shareholding pattern, Dr. Rajan Mahtani is clearly the legal owner of the Zambezi Portland Cement and winner of the case. This decision from the Court of Appeal also aligns with the original shareholders agreement which was established in the year 2006.

By giving this judgement, Justice Mwinde effectively reversed the judgement by Lusaka High Court. He also said that the judge below him was wrong in declaring Ventriglias as only shareholders without having any evidence or proof. Furthermore, the court has provided timeline of three months for completing the share regularization process.