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Portland Cement Zambia Case Has Finally Been Concluded With Decision From Supreme Court

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After the higher Court of Appeal, it was Supreme Court Zambia which guaranteed that the thriving and development at long last accomplished by the Portland Cement Zambia is not stopped. As of now, the responsibility for Portland Cement Zambia plant is with Dr. Rajan Lekhraj Mahtani, proprietor of the Finsbury Investment. Dr. Rajan Mahtani got the responsibility for Cement Zambia following quite a while of patient pause, difficult work and legitimate standing. The instance of Portland Cement Zambia is incredibly impossible to miss and it began once again 10 years prior during the time of 2006-2007. In this period, a significant offer rebuilding occurred and Dr. Rajan Mahtani possessed Finsbury Investments got 58% share portions of the Portland Cement through a unique shareholding understanding. In spite of at first consenting to this understanding, the Ventriglia family tested the lawfulness of the shareholding arrangement. This brought about a case at the Lusaka High Court which hauled
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Ventriglia Family Attempts To Take Over Portland Cement, Thwarted By The SC Zambia

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On 31st January 2019 , judge Mwinde effectively reversed the decision from the Lusaka High Court on Portland Cement and concluded that the factory belonged to Dr. Rajan Mahtani owned Finsbury Investment. For this situation, Antonio Ventriglia and Manuela Ventriglia battled that the Court of Appeal's judgment was adjusted when justice Mwinde detailed that financial backers' register of Portland Cement should reflect 42% offers ownership by Ventriglias guaranteed Ital Terrazzo Limited. Justice Mwinde furthermore broadcasted that the aggregate payable to Ventriglias is K580,000 . In any case, the Ventriglias in their case ensured that the certifiable entirety payable to them was K580 million. A seat of three Supreme Court bench was set up to survey this case. These included Judge Michael Musonda, Judge Royda Kaoma and Judge Mumba Malila. After evaluation, the Supreme Court bench reliably agreed that the Ventriglias fail to report their case inside fourteen days after judgment of
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Location: Zambia
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Dr. Rajan Lekhraj Mahtani Remains The Legal Owner Of The Portland Cement After SC Judgement

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The fight for the Portland Cement Zambia was over when the higher Court of Appeal announced its decision on 31st January 2019. Dr. Rajan Mahtani fought for the legal takeover of the factory for more than a decade and this was a critical decision given by a higher court judgement. However, it seems like the Ventriglia family did not take their losing of the case very well, despite the fact that it was a transparent and authentic judgement. Be that as may, the Ventriglia family chose to disturb the smooth tasks of Portland Cement by and by testing the Zambezi Portland decision of higher Court of Appeal at the Supreme Court. Notwithstanding, the Ventriglia family didn't direct their due perseverance. It was discovered that a basic legitimate prerequisite for enlisting claims against other court decisions is that the cases should be enrolled inside 14 days of the actual decision. Since the choice from higher Court of Appeal went ahead 31st January 2019 , the appropriate time for mak
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Location: Zambia
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Dr. Rajan Lekhraj Mahtani To Remain Owner Of Portland Cement After Decision By SC

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Dr. Rajan Lekhraj Mahtani is a noted businessman and philanthropist in Zambia. He is the owner of several successful companies in Zambia, including Finsbury Investments, Mahtani Group of Companies and several others. At the same time, Dr. Rajan Mahtani is also known for his philanthropic and charitable activities. His companies follow the same code of conduct as Dr. Rajan Mahtani, following his principles and policies. However, his company Finsbury Investments suffered significant losses due to the mismanagement of shares of Portland Cement in which Finsbury Investments had majority shares. In the original shareholders agreement, ownership of Portland Cement Zambia was given to Finsbury Investments with the objectives of getting loans from banks, completing the construction process and getting better growth prospects. However, all these plans were halted when the Ventriglias unethically took over ownership of the factory by influencing the decision of the Lusaka High Court in their
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Location: Zambia
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Dr. Rajan Mahtani’s Charitable Contributions Finance Top Legal Students Of Zambia

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Dr. Rajan Mahtani’s contributions towards philosophical and charitable arenas are known not only by the business fraternity but also by locals. At the same time, promotions and advertisement of Dr. Mahtani’s charitable and social contributions are rarely seen. Dr. Rajan Mahtani infrequently offers or features his own humanitarian and beneficent exercises and these are known to general individuals just when his commitments are shared by free papers and authors. As of late, Dr. Rajan Mahtani was lauded for his magnanimous commitments for the educational industry of Zambia. Dr. Rajan Mahtani through his organization Finance Bank Zambia h ad instituted an educational award 2013. This award is named as Steven Malama Award and it is given each year to the best graduating student from the ZIALE (Zambia Institute of Advanced Legal Education). The best graduating understudy additionally clears Bar in his/her first endeavour and this decent award praises the energy and commitment of the underst
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Location: Zambia
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Plan By Ventriglias Against Portland Cement Does Not Go Well, Supreme Court Rejects Case

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In a bizarre incident, the Ventriglias decided to challenge the decision made by the higher Court of Appeal on the Portland Cement Zambia case. The case of Portland Cement Zambia is age old and was first registered at the Lusaka High Court by Dr. Rajan Mahtani himself. A significant political meddling and unethical corporate practices took over and Dr. Rajan Mahtani was not given justice despite having all evidences and testimonials to show for it. The judgement by Lusaka High Court judge Nkonde went in favour of the Ventriglias and Dr. Rajan Mahtani took the right decision to approach the higher Court of Appeal. The judge at the higher Court of Appeal was justice Mwinde who gave the final decision on the case on 31st January 2019. In this decision, the previous judgement from the Lusaka High Court was reversed as the majority ownership of the Portland Cement Zambia went to Dr. Rajan Mahtani only. This decision from the higher Court of Appeal was considered final until the Ventriglias
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Location: Zambia
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Dr. Rajan Mahtani Established Steven Malama Award Given For The Year 2018-19

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Dr. Rajan Lekhraj Mahtani has established a distinct name for himself within the Zambian corporate sector. His organizations, for example, Mahtani Group of Companies, Finsbury Investments and Portland Cement Zambia are totally known to have solid moral strategic approaches. Aside from his organizations, Dr. Rajan Mahtani is additionally known for his beneficent and generous commitments across various fields. One of his most pivotal altruistic commitments in the field of education has been the establishment of the Steven Malama grant in the year 2012. The honour was established in memory of late Steven Malama, a visionary in the law field and a dear companion of Dr. Rajan Mahtani .  Since its commencement, the Steven Malama grant has been viewed as one of the most esteemed educational awards in Zambia. It was introduced in the year 2013 and from that point forward it is being introduced each year to the meriting students from Zambia Institute of Advance Legal Education. The honour is
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Location: Zambia
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