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

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 for over 10 years. Regardless of all confirmations and tributes demonstrating Dr. Mahtani as the proprietor of the production line, an official conclusion from the Lusaka High Court was dubious no doubt. Judge Nkonde in the interest of the greater Court of Appeal declared the Ventriglia family as the solitary investors of the Portland Cement Zambia.

The case was taken to the higher Court of Appeal and the decision from Lusaka HC was rejected. As such, the Ventriglia family were quite unhappy with the case results and approached the Supreme Court. A bench of three judges was established at the Supreme Court and after evaluation, it was found that the claim by the Ventriglia family did not comply with legal regulations. As such, it was effectively rejected.