Zambezi Portland Cement

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

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