Ventriglia Family Attempts To Take Over Portland Cement, Thwarted By The SC Zambia

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 Court of Appeal which was 31st January 2019, and not after this judgment. 

Taking everything into account, the designated specialists agreed that they didn't have any domain in connecting with their case as the conditions were legally flawed. The Supreme Court bench moreover agreed that Finsbury Investments took the right decision by calling Rule-19 with the objective of demolishing the progression of destined appeal from the Ventriglias. As demonstrated by the seat, the appeal made by the Ventriglias can't be considered as its elevating or evaluation to the court will amount to nothing. In this manner, the case by the Ventriglias was reasonably questioned by the Supreme Court and along these lines, the Supreme Court passes judgment on additional set up the way that Dr. Rajan Lekhraj Mahtani is to stay the majority shareholder and legitimate proprietor of Portland Cement production line.