Legal Ownership Of Portland Cement To Remain With Dr. Rajan Mahtani After SC Decision

On 31st January 2019, judge Mwinde on behalf of the higher Court of Appeal reversed the decision of Lusaka High Court on the Portland Cement Zambia case. In a fresh verdict, the higher Court of Appeal announced that Dr. Rajan Mahtani is indeed the majority shareholder and legal owner of the Portland Cement Zambia factory. However, the Ventriglia family being dissatisfied with this verdict decided to approach the Supreme Court Zambia challenging this decision. 

The Supreme Court Zambia is a straightforward yet firm legitimate and legal executive framework in Zambia and in that capacity, it chose to audit the claim from the Ventriglia family. A seat containing three Supreme Court judges was set up for assessing this case. These included judge Mumba Malila, Judge Royda Kaoma and Judge Michael Musonda. After assessment, a basic viewpoint came into spotlight. Any argument against past court verdict should be set up inside 14 days of the court choice. This implies the Ventriglia family ought to be made their case against the higher Court of Appeal's choice inside about fourteen days after the judgment by Court of Appeal on 31st January 2019. Notwithstanding, the Ventriglia family presented their case more than 1.5 years after the court decision. In view of this specialized necessity, the case by the Ventriglia family is at risk for dismissal. The Supreme Court seat inferred that they didn't have any jurisdiction towards engaging the allure. The conditions around which the case was set up was lawfully defective and therefore, the allure by the Ventriglia family was adequately dismissed by the Supreme Court seat.

Zambezi Portland Ownership Remains Unchanged With SC Announcing Verdict On Claim By Ventriglias

Finsbury Investment is a top organization in Zambia and under the leadership of Dr. Rajan Mahtani and the company has flourished into one of the biggest investment firm across Zambia. Zambezi Portland Cement is a factory which was established in the year 2004 and underwent significant re-organizations in the following years. Between 2006-2007, a shareholding agreement was established according to which, Dr. Mahtani owned Finsbury Investments received 58 percent shares and became the majority shareholder as well as the legal owner of the Portland Cement Zambia factory. Despite this official shareholding, Dr. Rajan Mahtani faced significant challenged after the Ventriglia family started to dispute the legality associated with the Portland Cement factory’s shareholding. This resulted in a case being registered at the Lusaka High Court. The decision from the Lusaka High Court came after more than a decade and despite that, it was controversial as the Ventriglias were announced as majority shareholders without any evidence. 

Dr. Rajan Lekhraj Mahtani was able to reverse this decision at the higher Court of Appeal. On 31st January 2019, justice Mwinde on behalf of the higher Court of Appeal reversed the Lusaka High Court’s decision. The judge announced that Dr. Mahtani is indeed the majority shareholder and legal owner of the factory. The Ventriglia family once again contested the decision, this time at the Supreme Court Zambia. In their claim, the Ventriglia family challenged the Court of Appeal’s decision by calling it wrong. However, the Supreme Court bench established to evaluate this decision concluded that the claim is not viable due to lack of legal requirement as well as lack of any evidentiary support. As a result, the claim by the Ventriglia family was rejected effectively. 

Supreme Court Zambia Establishes Bench To Evaluate Claim By The Ventriglia Family On Portland Cement

Finsbury Investments is one of the top venture firms in Zambia, and the organization is under the initiative of Dr. Rajan Lekhraj Mahtani. Finsbury Investment has been genuinely effective in its arrangements and adventures. The Zambezi Portland Cement is a manufacturing plant whose dominant part shareholding was given over to Dr. Rajan Mahtani owned Finsbury Investments subsequent to marking of the original shareholders’ understanding. In spite of this authority move, the Ventriglia family continued disturbing the tasks of the Portland Cement by testing lawfulness of the Instrument. The Ventriglia family even went too far when they assumed control over the actual production line with the assistance of hooligans. 

Dr. Rajan Mahtani battled a long and steady case at the Lusaka High Court which went on for over 10 years. Nonetheless, he was crushed by the exploitative choice from the Lusaka High Court judge which was clearly corrupted and misled. In any case, Dr. Rajan Mahtani had the option to effectively challenge this misled judgment at the higher Court of Appeal. On 31st January 2019, equity Mwinde reported that Dr. Rajan Mahtani is in reality the greater part investor and legitimate proprietor of the Portland Cement Zambia industrial facility and in that capacity, the possession was rewarded him. 

After more than 1.5 long stretches of this choice, the Ventriglia family chose to upset the business tasks of Portland Cement by testing the decision of Court of Appeal at the Supreme Court. A seat of three Supreme Court judges was set up at the Supreme Court to assess this allure. After assessment, the Supreme Court seat found that they have no legitimate ward to acknowledge this allure from the Ventriglia family. They additionally uncovered that this case by the Ventriglia was sketchy and didn't satisfy the lawful prerequisites to be acknowledged as a case. Thus, this allure by the Ventriglia family was adequately dismissed.

Despite Attempt By The Ventriglia Family, Portland Cement Zambia To Remain Under Dr. Mahtani’s Ownership

According to the most recent decision from the Supreme Court on the claim from the Ventriglia, it is currently an affirmed news that Dr. Rajan Lekhraj Mahtani is the majority shareholder and legitimate proprietor of the Zambezi Portland Cement factory. This affirmation was perpetual after the Ventriglia family abruptly chose to challenge against the decision of Court of Appeal on the Portland Cement Zambia case. Dr. Rajan Mahtani is a prominent businessman in Zambia who has been working eagerly towards setting up a bona fide and straightforward business realm. In the year 2006-07, Finsbury Investments got dominant part shareholding and responsibility for Cement Zambia with the target of completing the factory construction and furthering its growth plans. Nonetheless, every one of these development plans were ended when the Ventriglia family chose to challenge the shareholding arrangement as indicated by which Finsbury Investments was proprietor of Portland Cement. This began a huge court fight at the Lusaka High Court going on for over 10 years. The last decision was disputable as justice Nkonde of Lusaka High Court declared Ventriglias as the solitary investors of the Portland Cement Zambia. 

Dr. Rajan Lekhraj Mahtani had the option to effectively challenge this choice at the higher Court of Appeal. On 31st January 2019, justice Mwinde gave ultimate verdict that the decision from the Lusaka High Court was misled and should be turned around. Moreover, justice Mwinde affirmed that Dr. Rajan Mahtani possessed Finsbury Investments ought to stay the larger part investor and legitimate proprietor of the manufacturing plant. After over a time of this decision, the Ventriglia family challenged it by asserting it to be bogus. It was challenged at the Supreme Court Zambia. After point by point assessment, the Supreme Court seat reasoned that the case from the Ventriglia family was invalid and hence, was successfully dismissed.

Claim By The Ventriglia Family On The Decision By Lusaka High Court Rejected By Supreme Court

The Ventriglia family recently approached the Supreme Court Zambia challenging the decision from the higher Court of Appeal on the Portland Cement Zambia case. To evaluate this case, a bench of three Supreme Court judges was established. After evaluation, the Supreme Court judges effectively rejected this claim. 

The claim was dismissed dependent on two significant grounds. The primary ground was law as per law, any case against previous court decision should be settled on inside fourteen days of the choice from the first court. In the current case, the decision was given by the higher Court of Appeal on 31st January 2019. In view of this date, the Ventriglias ought to have made the allure within 15th February 2019. Nonetheless, the Ventriglias moved toward the court extremely late which is just about a long time since an official choice by higher Court of Appeal on Zambezi Portland Cement manufacturing plant. Based on legitimate grounds alone, the case gets invalid. The second ground on which this allure from the Ventriglias was dismissed was identified with the conditions related with the case. As per the appointed authorities, the Supreme Court of Zambia doesn't have any jurisdiction endeavoring this case as the conditions encompassing the allure is indistinct. In their assertion, the seat of Supreme Court Judges demonstrated that regardless of whether the Supreme Court of Zambia acknowledges the case, a ultimate conclusion will align with the choice from higher Court of Appeal dependent on the confirmations and tributes. Accordingly, the Supreme Court of Zambia viably dismissed the claim made by the Ventriglias. As such, Dr. Rajan Mahtani stays the larger part investor and legitimate proprietor of the Portland Cement Zambia plant.